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Tcs credit setoff

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PARAMESWARA NARAYANAN

consultant

64 Points Posted on 21 March 2020

Hi experts please answer my querry

My client doing resturant business having TCS credit since october 2019. ( TCS deducted by swiggy).

He has not setoff the credit while paying tax. This month he wants to setoff the entire credit against

GST liability . System not allowing to enter the amount in GSTR 3 B .following msg is appearing in screen

"since the provision for TDS/TCS have not been notified . This particular section kept inactive in GSTR3B"

Is there any otherway to adjust the credit. Is there any time limit to set-off TCS Credit.

Replies (3)

Quick Summary

A restaurant client with TCS credit from Swiggy since October 2019 is unable to set it off against their GST liability in GSTR-3B due to system notifications. The issue stems from the TDS/TCS provisions not being fully notified for this purpose. The advice given is to first file TDS/TCS returns to credit the amount to the e-credit ledger. Additionally, a query regarding claiming GST on Swiggy's commission as ITC was clarified; it cannot be claimed according to Notification 46/2017 CT(R).