Hi, I have a query with regard to GST TDS for our client. There is a TDS credit of some amount which is reflecting in electronic cash ledger. While filing for GSTR 3B in September'19 they have shown the GST TDS under ITC also. There is net tax payable. They have deposited the tax amount in electronic cash ledger too. Since same GST TDS reflected in both electronic cash ledger and credit ledgers they rectified in Nov'19. My query is whether interest is applicable in this case. Please enlighten
If GST TDS is deducted, than that reflects in "TDS and TCS received" column in respective month...you have to go to that column an accept that TDS received....after acceptance TDS goes directly to your cash ledgers (That's a right process)
You can not take ITC of TDS Credit in GSTR 3B. And if you have wrongly taken that than required to reverse that with interest.
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