GST TDS credit received

[KARAN VERMA]

Sir, I have two customers who are required to file GSTR-7 TDS return in June month but out of them, only one file the return. Now, at time of filling GSTR-3B, I have accepted only one supplier TDS credit which is shown in my TDS credit received return because other has not filled the return and no credit shown.

My question is when second supplier filed his TDS return for June month, then how can I claim credit for the same because I have already filed TDS return for June month.

[KASTURI SETHI]

As and when second supplier files his return (GSTR-7), the amount will be reflected automatically in your Electronic Cash Ledger and you can use/adjust the same next month's return.

[Ganeshan Kalyani]

Yes, the credit will flow into your ECL once your customer files the GST-TDS return.

[Rajagopalan Ranganathan]

Sir,

GSTR-7 is to be filed by the tax deductor on or before 10th of next month to the month in which such TDS was effected. If your supplier filed the return for June say in august then you can show the credit is your GST-3B return for the month of August.You have time to take credit till filing of September return of the next financial year.

[Bhavika Chothani]

Once the second supplier files his GSTR-7, you will be able to see the amount in GSTR-2X. Accept this credit and it will automatically reflect in your electronic cash ledger. You can use this amount to set-off the liability in the month in which the second supplier files his GSTR-7

AI Summary

GST TDS credit posts to the recipient's electronic cash ledger once the deductor files GSTR-7, enabling adjustment in later returns.
GST TDS credit flows to the recipient's Electronic Cash Ledger only after the deductor files GSTR-7; if the recipient already filed GSTR-3B for that month, the credit will appear and be usable in subsequent returns once the deductor's GSTR-7 is filed and the recipient accepts the credit (visible in TDS/purchase acceptance screens and then reflected in the Electronic Cash Ledger).