Sir How to use TDS deducted under the GST, a present which is reflected in our GSTR-2A too. How can we use such credit of TDS against our GST Output tax?

Reply— As per TDS provisions in GST, after filing of return by deductors (DDOs) in FORM GSTR-7, the amount so deducted will be auto-populated in ‘TDS/TCS credit receipt’ table of respective suppliers. The supplier (deductee) has to accept or reject the amount so auto-populated. The accepted amount will be credited to Electronic cash ledger.

Procedure is as follows—

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.