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Any GST portal user can click on ‘TDS and TCS credit received’ tile available on return dashboard after logging in. This can help them to claim or reject the credit of TDS and TCS deducted or collected by their corresponding Government deductor or e-commerce operator. Purpose of form ‘TDS and TCS credit received’ & who must file
Login to the GST Portal with valid credentials. Click the Services > Returns > TDS and TCS credit received command. 2. The TDS and TCS credit received page is displayed. Select the Financial Year & Return Filing Period (Month) for which you want to file the TDS and TCS Credit Received from the drop-down list. Click the SEARCH button. 3.
Jul 9, 2020 · Steps to follow: - 1) Login. 2) Click and GoTo "TDS and TCS Credit Received". 3) Select Period and click on "Search". 4) Click on "Prepare Online" 5) Click on "TDS Credit Received" in case of TDS Claim or "TCS Credit Received" in case of TCS Claim. 6) Here we can VIEW the credit available. Tick the entry / entries and click on "Accept".
Aug 19, 2021 · Page Contents. All about TDS and TCS Credit Received: How to claim & FAQ. Section 52 of CGST Act, 2017: TCS Mechanism in GST with example. How to Claim TCS & TDS refund on GST? How to file a statement of TCS and TDS on GST Portal in 7 steps? Frequently Asked Questions on TDS and TCS Credit Received.
Dec 7, 2022 · The deductee is required to either accept or reject the TDS credit or TCS credit by filing the ‘TDS and TCS credit received’ on the GST portal. The accepted deducted or collected amount will appear in the Electronic Cash Ledger , which can be utilized for tax payment of the respective period.
Feb 9, 2019 · Steps Involved in Filing TDS and TCS Credit Received on GST Portal. Step 1: Log in to the GST portal. Step 2: Go to ‘Services’ > ‘Returns’ > ‘TDS and TCS Credit Received’. File returns dashboard appears. Step 3: Select the return period and proceed to the ‘TDS/TCS credit received’ tile.
4 days ago · TDS under GST is required to be deducted at the rate of 2% on payments made to the supplier of taxable goods and/or services by certain notified persons under GST. In this article, we discuss all about TDS under GST, including the TDS rate under GST, the deduction limit, applicability, forms to be filed, interest and penalties applicable, and more.