Registration as deductor separately

[LAKSHMINARAYANAN TR]

Dear All

Request your thoughts for one our client who is a Public Sector understaking has GSTIN as Taxpayer already, u/2 52 should they registere again as deductor on top of their GSTIN. Can they use existing GSTIN for both purposes i.e. filing GSTR 7 and 1,2,3? Kindly clairfy.

Have a Nice day

AI Summary

PSU Queries Need for Separate GST Registration as Deductor Under Section 24; Debate Highlights Administrative Challenges. A public sector undertaking (PSU) with an existing GSTIN as a taxpayer inquired whether it needs separate registration as a deductor under GST. Participants in the forum discussed the necessity of separate registration for tax deduction at source (TDS) and tax collection at source (TCS) under GST, referencing Section 24 of the CGST Act. Some argued that separate registration is mandatory, while others suggested using the existing GSTIN. The debate highlighted the complexity and administrative burden of managing multiple GSTINs, with suggestions to simplify processes and potentially address concerns with the GST Council.