The credit of TDS deducted, was to be made available to supplier taxpayer, in table 9 of Form GSTR-2 ( Form GSTR-2 though has been kept in abeyance).
Section 51 of GST Act, 2017 is likely to be implemented from 1st October 2018, therefore, a separate table, similar to table 9 of form GSTR-2, has been developed on the GST Portal, to cater to the flow of TDS credit to supplier taxpayer.
This table will be the same for Normal or composition taxpayers. Both composition taxpayers and the normal taxpayers will access this table and take action of acceptance or rejection on the same.
The accepted amount will move to the cash ledger of the taxpayer. The rejected entry will go back to TDS deductor for amendment.
This functionality has been deployed on production on GST Portal, but is not visible to taxpayers, as of now. This will be made available/ visible to them on the applicable date.
GST Credit Related Links
You may keep visiting GST India News for the latest GST Updates on our home page. We bring future more on TDS Credit to the supplier and its related content at GST India News.
Read to know how the taxpayer can take input tax credit benefits under the GST system in India. Learn more with the GST input tax credit example.
Find out how much GST is being charged on Mobile phones and their recharges. Also, read about GST on mobile accessories.
The CGST section 41 deals in input tax credit claiming and provisional acceptance. Read more about CGST section 41 under the GST Act.