Question 16 - How does a taxpayer get the credit of the tax deducted at source on his behalf? Does he need to produce TDS certificate from the deductee to get the credit?
FAQ on GST dated 21.9.2016 based on Draft Model GST Chapter 12 Returns Process and matching of Input Tax Credit
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Tax deducted at source credit is auto-populated in GSTR returns and claimable without a TDS certificate. Tax deducted at source is credited via an electronic matching mechanism: the deductor files deductee-wise deductions in the monthly return which are ... Summary
Tax deducted at source credit is auto-populated in GSTR returns and claimable without a TDS certificate.
Tax deducted at source is credited via an electronic matching mechanism: the deductor files deductee-wise deductions in the monthly return which are auto-populated into the recipient's input tax credit return; the recipient must confirm those entries to avail credit, and no physical or electronic TDS certificate is required for claiming the credit (certificates are available on the portal for record-keeping).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.