Quick Summary
As per Notification No. 25/2024-Central Tax, effective from 10.10.2024, any registered person receiving supplies of metal scrap classified under Chapters 72 to 81 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), from another registered person, is required to deduct TDS under Section 51 of the CGST Act, 2017. 2. In this regard, various tickets have been received on the issue that taxpayers are unable to report TDS deducted in the month October 2024 as they are not able to f
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1 Year PLAN
1999
(Excl. of GST ₹359)
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2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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FAQ :
From 10th October 2024, registered persons receiving metal scrap supplies from other registered persons must deduct TDS under Section 51 of the CGST Act, 2017.
Taxpayers who applied for GST registration in October 2024 but had their registration approved in November 2024 could not report October TDS because the system did not allow filing returns for periods prior to the registration month.
These taxpayers are advised to report the consolidated TDS deducted from 10th October 2024 to 30th November 2024 in their GSTR-7 return for November 2024.
The consolidated TDS reporting covers the period from 10th October 2024 to 30th November 2024.
Taxpayers can contact the GSTN helpdesk for any further assistance.
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