REGARDING DEPOSITS OF TDS BY THE DDO UNDER GST

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REGARDING DEPOSITS OF TDS BY THE DDO UNDER GST

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..... All Finance Secretaries/ CCTs of the States/ UTs with Legislature/UTs without Legislature. Chairman CBIC/All Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioners of Central Tax (through Member, GST, CBIC) Pr.Chief Controller of Accounts, CBIC. Madam/Sir, Subject: Guidelines for Deductions and Deposits of TDS by the DDO under GST Section 51 of the CGST Act 2017 provides for deduction of tax by the Government Agencies (Deductor) or any other person to be notified in this regard, from the payment made or credited to the supplier (Deductee) of taxable goods or services or both, where the total value of such supply, under a contract, exceeds two lakh and fifty thousand rupees. The amount deducted as tax under this section shall be paid to the Government by deductor within ten days after the end of the month in which such deduction is made alongwith a return in FORM GSTR-7 giving the details of deductions and deductees. Further, the deductor has to issue a certificate to the deductee mentioning therein the contract value, rate of deduction, amount deducted etc. 2. As per the Act, every deductor shall deduct the tax amount from....

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....relevant component (e.g. Tax) under each of the Major Head. (iii) While generating the CPIN, the DDO will have to select mode of payment as either (a) NEFT/RTGS or (b) OTC. In the OTC mode, the DDO will have to select the Bank where the payment will be deposited through OTC mode. (iv) The DDO shall prepare the bill on PFMS (in case of Central Civil Ministries of GoI), similar payment portals of other Ministries/Departments of GoI or of State Governments for submission to the respective payment authorities. (v) In the Bill, the net amount payable to the Contractor; and (a) (b) 2% as TDS will be specified (vi) In case of NEFT/RTGS mode, the DDO will have to mention the CPIN Number (as beneficiary's account number), RBI (as beneficiary) and the IFSC Code of RBI with the request to payment authority to make payment in favour of RBI with these credentials. (vii) In case of the OTC mode, the DDO will have to request the payment authority to issue 'A' Category Government Cheque in favour of one of the 25 authorized Banks. The Cheque may then be deposited along with the CPIN with any of branch of the authorized Bank so selected by the DDO. (viii) Upon successful p....

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....will prepare the CPIN on the GSTN Portal for the amount (already booked under the Suspense Head). 4 (vii) While generating the CPIN, the DDO will have to select mode of payment as either (a) NEFT/RTGS or (b) OTC. In the OTC mode, the DDO will have to select the Bank where the payment will be deposited through OTC mode. (viii) The DDO shall prepare the bill for the bunched TDS amount for payment through the concerned payment authority. In the Bill, the DDO will give reference of all the earlier paid bills from which 2% TDS was deducted and kept in the suspense head. The DDO may also attach a certified copy of the record maintained by him in this regard. (ix) The payment authority will pass the bill by clearing the Suspense Head operated against that particular DDO after exercising necessary checks. (x) In case of NEFT/RTGS mode, the DDO will have to mention the CPIN Number (as beneficiary's account number), RBI (as beneficiary) and the IFSC Code of RBI with the request to payment authority to make payment in favour of RBI with these credentials. (xi) In case of the OTC mode, the DDO will have to request the payment authority to issue 'A' Category Government Che....

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REGARDING DEPOSITS OF TDS BY THE DDO UNDER GST