Question 1

1) What is TDS ?

Accepted Answer

TDS: Tax Deducted at source under GST. Section 51 of the CGST Act 2017 provides for

Question 2

2) Who are the Persons Liable to Deduct tax ?

Accepted Answer

Following persons shall be liable to deduct TDS @ 2% (1% CGST and 1% SGST or 2% for IGST):

Question 3

3) TDS Registration

Accepted Answer

1) Sec 24(vi) of the CSGT act requires, every person who are required to deduct tax whether or not registered under this ACT shall obtain a registration.

Question 4

4) What is the Thresh hold for Deduction ?

Accepted Answer

1) Tax to deducted only if total value of supply under the contract exceeds Rs. 2,50,000/-

Question 5

5) By When and how TDS has to be deducted ?

Accepted Answer

1) Tax to be deducted at the time of payment or credit to the supplier of taxable goods or services

Question 6

6) After deducting by when to Deposit TDS with the Government

Accepted Answer

1) The amount of tax deducted at source should be deposited to the Government account by the deductor by 10th of the succeeding month.

Question 7

7) When TDS is not Applicable ?

Accepted Answer

1) Exemption of CGST has been granted for intra-state supplies received from the unregistered supplier by the deductor.

Question 8

8) What are the relevant Return to be filed ?

Accepted Answer

Return to be furnished in GSTR-7. The details of deduction shall also be available to supplier in GSTR2 A/4A. No Annual return is required to be furnished by deductor.

Question 9

9) GSTR 7

Accepted Answer

1) This section contains all the table wise reporting

Question 10

10) Form and manner in which TDS Certificate to be issued

Accepted Answer

1) The PERSON INCHARGE shall generate TDS Certificate through the GST Portal in FORM GSTR-7A after filing of Monthly Return.

Question 11

11) Certificate Format: 7A

Accepted Answer

Form GSTR 7A

Question 12

12) Tax Utilisation by Recipient

Accepted Answer

51 (5) The deductee shall claim credit, in his electronic cash ledger, of the tax deducted and reflected in the return of the deductor furnished under sub-section (3) of section 39, in such manner as may be prescribed.

Question 13

13) Consequences of Non-Compliance

Accepted Answer

1) Non-Filing of the Return’s:

Question 14

14) Refund of Excess Tax Paid by the Deductor and Deductee

Accepted Answer

1) In the case of excess TDS paid or erroneous deducted, either deductor or deductee can claim the refund.

Tax Deducted at Source

Tax Utilisation by Recipient

TDS GSTR-7

TDS Registration

TOC Tax Deducted at Source

What are the relevant Return to be filed

What is TDS

What is the Thresh hold for Deduction

When TDS is not Applicable

Who are the Persons Liable to Deduct tax