TDS accounting obligations require compulsory registration, timely remittance, GSTR 7 reporting and certificate issuance under GST law. TDS deductors must register under section 24 of the CGST/SGST Act, remit TDS by the tenth day of the month following collection, report the deduction in ... Summary
TDS accounting obligations require compulsory registration, timely remittance, GSTR 7 reporting and certificate issuance under GST law.
TDS deductors must register under section 24 of the CGST/SGST Act, remit TDS by the tenth day of the month following collection, report the deduction in GSTR 7, and ensure the deposited amount appears in the supplier's electronic cash ledger; they must also issue a certificate of deduction to the deductee within five days of deduction, subject to a prescribed fee for delay.
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