Dear Experts,
We have a construction company from 3 Years. We received Advance against customer against Flat and entered with service tax and now GST and TDS at the time of receiving amount. But party did not deposit TDS amount as per 26QB at the time of payment. So in my books TDS shown in the name of party. But in 26AS the TDS amount did not reflected as party not deposited. But we claimed TDS amount as per 26AS, not as per books. My question is how resolve this kind of problem?
For examle we booked tds amount for F.Y. 2016-17 against cutomer. But customer deposited it eighter in F.Y. 2017-18 or F.Y. 2018-19 or they thought after completion they deposit the TDS amount .So what to do as a costruction company we are and how to maintain our books?
CAclubindia
