Can we claim TCS from electronic cash ledger. plz share notification/circular. thanks

Reply—

1) Login to GST portal

2) Go to ‘Services’ > ‘Returns’ > ‘Returns Dashboard’

3) Choose the ‘Financial Year’ & ‘Return Filing Period’ for which return is to be filed and then click ‘SEARCH’.

4) Select the tile ‘TDS and TCS credit received’ by clicking on the button ‘PREPARE ONLINE’.

5) To accept/reject Tds credit Received details populated from Form GSTR-7 of all the deductors click on Tds credit received.

6) Select the relevant records using the checkboxes -against the GSTIN of Deductor, After selecting record/s, Click on either the ‘ACCEPT’ button to accept the record.

7) Submit the form either using the Digital signature or the Electronic Verification Code.

8) After submission, the amount will appeared in 'CASH Ledger' ,Which can be utilized for payment of balance amount for the reporting period.