Tcs credit setoff

Others 336 views 3 replies

 

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)

firstly you need to file return TDS / TCS returns >> and such credit shall be credited to e-credit ledger 

Thanks Mr Naveen Chand for your reply.

Can u calrify one more querry.

Swiggy while making payment deducting commission and also deducting GST18% on commission . whether

this GST amount can be claimed as ITC by the resturant. if so please explain

regards

Narayanan

No....... In term of Notification 46/2017 CT(R) , it's 5% FC without ITC


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details