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How to Generate TDS Certificate in GST | TDS Certificate under GST :

Not many People are aware of the fact that two Conditions are required to be fulfilled for Generation of TDS Certificate in GST.

1. Deductor furnishes a return in Form GSTR 7.

2. Deductee accepts the details uploaded by deductor and files his return.

How to Generate TDS Certificate in GST

Click here to see filling process of GSTR 7

How to Generate TDS Certificate in GST | TDS Certificate under GST

Now many people are confused that how the Deductee will acceptthe TDS Credit received by him. Following process should be followed by the deductee to accept his TDS Credit.

1. He will Login to the GST Portal.

2. Go to File Return TAB

3. Their is the feature of AUTO DRAFTED TDS/TCS DETAILS in File return Tab

4. Click on that Tab. Below mention Screen appears :

5. Now when you click on TDS credit received tab you will get the details of amount for which TDS has been deducted. Deductee is suppose to accept/reject those amount and file the same with the GSTN.

Thus TDS Certificate can only be generated after this complete process.

Points of concern :

Point 1 : As per Section 51(4) of CGST Act 2017

If any deductor fails to furnish to the deductee the certificate, after deducting the tax at source, within five days of crediting the amount so deducted to the Government, the deductor shall pay, by way of a late fee, a sum of one hundred rupees per day from the day after the expiry of such five days period until the failure is rectified, subject to a maximum amount of five thousand rupees.

The due date of filing GSTR 7 is 10th of Next Month and generation of TDS Certificate is 15th of Next Month. Penalty of Rs. 200 (100 for CGST + 100 for SGST) per day subject to maximum of Rs. 10,000 (5,000 for CGST + 5,000 for SGST) is levied on deductor if TDS Certificate is not issued on time.

Thus it is very important for Deductor to furnishes a return in Form GSTR 7 and Deductee to accept the details uploaded by deductor on time.

Point 2 : The TDS credit will be reflected in cash ledger only once when the deductee has Accepted the credit of TDS deducted and deposited by the deductor.

(The Author of this Article can be reached at [email protected])

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