TaxTMI 
TaxTMI 
TDS Scheme
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.... goods or services or both. Q 49. Who are liable to deduct TDS? Ans. All the DDOs of the (a) a department or establishment of the Central Government or State Government; (b) local authority; (c) Governmental agencies; (d) an authority or a board or any other body, - (i) set up by an Act of Parliament or a State Legislature; or (ii) established by any Government, with fifty-one percent or more participation by way of equity or control, to carry out any function; (e) a society established by the Central Government or the State Government or a Local Authority under the Societies Registration Act, 1860 (21 of 1860); (f) public sector undertakings. Q 50. Describe the responsibilities of DDO in TDS under GST to get his/her office registered under GST? Ans. A. To know the GSTIN of his office B. To be aware of the contract value C. To know when to deduct TDS under GST D. To know the nature of TDS (IGST or CGST & SGST/UTGST) to be deducted & the rate of tax E. To know the GSTIN of his/her vendors/suppliers F. To deduct TDS while making/crediting payment G. To generate CPIN while depositing the deducted tax H. To pay the deducted amount of TDS to the appropriat....
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.... Q 59. Is this ARN called the GST registration No? Ans. No. This ARN is generated only for a temporary period. Once FORM GST REG-07 is processed by the proper officer, the 15-digit GSTIN of the Tax Deductor will be generated. This GSTIN is the GST Registration No. of the applicant office. Q 60. How do I know that GSTIN has been generated for my office or not? Ans. Information will be given to the DDO in his registered email id as well as registered mobile no. Q 61. After getting GSTIN what should I do? Ans. DDO should update his DDO master details with the GSTIN in their respective DDO login in E-bill module of PFMS. Q 62. As a DDO, I have to enter some personal information to get TDS registration. What will happen if I get transferred? Will I still be responsible for any lapse committed by the DDO who succeeds me? Ans. It is true that the DDO is personally liable for any lapses regarding TDS deduction. But at the same time, the personal details of the DDO as entered in the Registration Form can always be amended; it is suggested that, the new DDO upon assuming of office should immediately amend such details. However the GSTIN of the deductor will remain un-altered. Q 63. I....
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....#8377; 10 Lakh? Ans. No. Tax cannot be deducted for any payment made prior to 01.10.2018. So deduction will be made only in respect of ₹ 7 Lakh. Q 70. I enter into a contract with a supplier ABC where the value of taxable supply is ₹ 2 Lakh and payment of ₹ 1 Lakh has been made on 15.10.2018. Now, on 20.10.2018 the contract value is revised from ₹ 2 Lakh to ₹ 6 Lakh. Am I liable to deduct any tax and if so, on which amount? Ans. Yes, TDS shall have to be deducted on entire amount i.e. ₹ 6 lakhs while making remaining payment of ₹ 5 Lakh. In other words, 12,000/- would be deducted when remaining payment of ₹ 5 Lakh is made. Q 71. Mr A. Roy, a DDO has purchased goods during May, 2018. He could not make payment for such purchase due to shortage of allotment. He is expected to receive allotment only in October, 2018. Is he liable to deduct TDS while making payment in the month of October considering that the purchase was made before October? Ans. The tax payer is required to adjust the TDS amount to his liability relating to such invoices in the month in which goods are supplied. Therefore, TDS cannot be made for the amount paid in O....
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....can I discharge my TDS liability? Ans. TDS liability can be discharged by debiting of Electronic Cash Ledger only at the time of filing return in FORM GSTR 7. Q 78. Payment is made in respect of a single contract whose value of taxable supply is ₹ 3.5 Lakh. Two bills amounting to ₹ 1.5 lakh &Rs. 2 lakh respectively are passed for such payment. Since in respect of both the bills the amount paid does not exceed ₹ 2.5 lakh, I think that no tax is required to be deducted. Am I right? Ans. No. Here the payments are being made against a single contract value of taxable supply exceeding ₹ 2.5 Lakh. Here, the value of taxable supply in the contract is ₹ 3.5 lakh. So, the deductor should deduct TDS on each payment to the supplier in respect of the aforesaid contract. Q 79. When will a DDO know that his liability for payment has been completed?? Ans. Electronic cash Ledger of the DDO will be credited when tax deducted at source is deposited in Government account. Payment of such liability (which is the tax deducted at source) shall have to be done by debiting of the electronic cash Ledger and such debit can be done while submitting FORM GSTR 7. So, unless t....
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.... month of Nov'18. He filed return on 16.12.2018. Is he liable to pay a late fee? Ans. Yes he is liable to pay a late of ₹ 600/- at the rate of ₹ 100/- per day for delay of 6 days (11.12.2018 -16.12.2018). Maximum amount of late fee payable is capped at ₹ 5,000/- Similar late fees is applicable under SGST Act / UTGST Act. Q 86. During October, 2018, I have not deducted any amount of GST. Do I need to file return for the month of October? Ans. The Deductor i.e. DDO is required to furnish a return in FORM GSTR-7 electronically for the month in which such deductions have been made in accordance with the provision of section 39(3) of the CGST/SGST Acts, 2017. Hence, submission of FORM GSTR-7 is not required for a month in which no deduction is made. Q 87. How can a deductor file FORM GSTR-7? Ans. FORM GSTR-7 can be filed on the GST Portal, by logging in the Returns Dashboard by the deductor. The path is Services > Returns > Returns Dashboard. Q 88. Is there any Offline Tool for filing Form GSTR-7? Ans. Yes. FORM GSTR-7 return can be filed through offline mode also. Q 89. Can the date of filing of FORM GSTR-7 be extended? Ans. Yes, date of filing of FORM GSTR-7....
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....' instructions on excel sheet and then fill the worksheet accordingly. Q 97. Do I need to login to GST Portal to download the FORM GSTR-7 Offline Utility? Ans. No. One can download the FORM GSTR-7 Offline Utility under 'Download' section without logging in to the GST Portal. Q 98. Do I need to login to GST Portal to upload the generated JSON file using FORM GSTR-7 Offline Utility? Ans. Yes. You must login in to the GST Portal to upload the generated JSON file using FORM GSTR-7 Offline Utility. Q 99. What are the basic system requirements/ configurations required to use FORM GSTR-7 Offline Tool? Ans. The offline functions work best on Windows 7 and above and MS EXCEL 2007 and above. Q 100. Is Offline utility mobile compatible? Ans. As of now FORM GSTR-7 Offline utility cannot be used on mobile. It can only be used on desktop/laptops. Q 101. How many TDS details of the suppliers can I enter in the offline utility? Ans. One can enter maximum 10,000 rows of TDS details of the suppliers in the offline utility. Q 102. I am a tax deductor. I've made payment for four different products to one of my suppliers. Shall I report each payment in four different rows of the offline util....