TDS Credit to the supplier | To appear in Form GSTR-2

gst update on TDS Credit to the supplier pic

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.

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