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TDS On GST invoice

Avinash Jeevan Dsouza (Assistant In Charge Accountant) (3283 Points)

20 April 2020

We have given our auditorium for rent for public sector bank and bank has deducted TDS on GST.

How to get the credit of the TDS amount?

When is the last date to file the return for above?

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4 Replies

J. K. Ratan (Compliance Advisor) (794 Points)
Replied 20 April 2020

Hello Mr. Dsouza

Don't Worry sir your TDS funds are safe in govt's hand. if the bank has deducted TDS on (Rent + GST), You can claim refund of this TDS in your ITR.

Further if TDS was deducted in FY 2019-20, You can file your ITR on or before the date mentioned below....

- Individual/HUF (without tax Audit) 31-07-2020
-Company/Others 30-09-2020.

you can contact us to file your ITR and claim TDS Refund.

Regards

J. Kumar Ratan
Taxation Consultant
Jayson Forensic Consultants
Mail :- info @ casahab.in
cont :- 965 431 2612
Web :- www.casahab.in

Avinash Jeevan Dsouza (Assistant In Charge Accountant) (3283 Points)
Replied 20 April 2020

Originally posted by : Jay Kumar Ratan
	Hello Mr. DsouzaDon't Worry sir your TDS funds are safe in govt's hand. if the bank has deducted TDS on (Rent + GST), You can claim refund of this TDS in your ITR. Further if TDS was deducted in FY 2019-20, You can file your ITR on or before the date mentioned below.... - Individual/HUF (without tax Audit) 31-07-2020-Company/Others 30-09-2020.you can contact us to file your ITR and claim TDS Refund. RegardsJ. Kumar RatanTaxation Consultant Jayson Forensic ConsultantsMail :- info @ casahab.incont :- 965 431 2612Web :- www.casahab.in

Its not the TDS of Income tax. Its the TDS of GST.

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 20 April 2020

The GST-TDS is reflected in Deductee Portal Under Menu "Return">> " TDS/TCS
Open the tab TDS/TCS, Accept & File the same . As soon as the same is filed is reflected in your Cash Ledger .

Now from cash ledger : 1. Can set-off against any Outpit Tax liability Or
2. Can claim Refund '

Avinash Jeevan Dsouza (Assistant In Charge Accountant) (3283 Points)
Replied 20 April 2020

Originally posted by : Pankaj Rawat
	The GST-TDS is reflected in Deductee Portal Under Menu "Return">> " TDS/TCSOpen the tab TDS/TCS, Accept & File the same . As soon as the same is filed is reflected in your Cash Ledger .Now from cash ledger : 1. Can set-off against any Outpit Tax liability Or2. Can claim Refund '

Do we need to file this every month? Even if we do not have any value in particular month? Is there ant time limit to file the returns?