TaxTMI 
TaxTMI 
Guidelines for Deduction and Deposit of TDS by the DDO under GST
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....m his dashboard. 2. Government of Assam has notified that the provisions under section 51 for deduction of tax to come into force w.e.f. 1st October, 2018. Steps to be Undertaken 3. In order to comply with the provisions of the Assam GST Act for TDS, the following steps are required to be taken: A. Registration of DDOs as Tax Deductors in the GST common portal (www.gst.gov.in) B. Deduction of tax amount from the bills to be paid to the suppliers / deductees C. Depositing the TDS amount by the DDOs in to appropriate government account(s) D. Filing Tax Returns for TDS within the prescribed time limit Who are the tax Deductors: 4. As per Section 51 of the Act, the following entries are required to do TDS and thus are required to get them registered as Tax Deductors under Section 24 (VI) of the Assam GST Act: - A. A department or establishment of the Central Government or State Government or B. Local Authority or C. Government Agencies or D. Persons or category of persons notified by the Government: a) An authority or a board or any other body, - i. Set up by an Act of Parliament or....
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....f 2% (i.e. 1% Assam GST + 1% Central GST in case of Intra-State Supply and 2% IGST in case of Inter-State Supply). Once such deduction is made by the Tax Deductor, the TDS amount is required to be deposited by the Tax Deductor in the Government account (SGST / CGST / IGST, as the case may be) within 10 days from the end of the month in which the deduction is made. 9. Kinds of Office Establishments: There are various kinds of office establishments relating to the frequency of deduction of tax and the modalities for disbursement of payments to deductees / suppliers. a) Government entities drawing and disbursing by raising bills through the Treasury using Fin Assam, where the number of TDS deduction cases are not very high (e.g. Departments / Heads of Departments / Subordinate offices etc.) b) Government entities drawing and disbursement by issuing Government Cheques, where the number of deduction cases are considerably high (e.g. Works Divisions, Forest Divisions etc.) c) Government entities where drawal and disbursement is not made through IFMS and payment is made through Banks (e.g. NRHM, SSA etc.) In view of the above differences in nature of dr....
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....ay be) under each of the Major Head. vii. While generating the challan, the DDO will have to select mode of payment as NEFT and select "Reserve Bank of India PAD" as the remitting Bank. viii. Subsequently, DDO will prepare another bill on "FinAssam" to debit the suspense account and credit the GSTN account and move the same for payment to the Treasury along with the CPIN details. ix. Treasury will pass the bill and debit the suspense account and upon successful payment, a Challan Identification Number (CIN) will be generated by the RBI and will be shared electronically with the GST Portal. This will get credited in the Electronic Cash Ledger of the concerned DDO / Tax Deductor in the GST Portal. This can be viewed and the details of CIN can be noted by the DDO anytime on GST portal using his Login credentials. x. Subsequently, the DDO shall generate TDS certificate through the GST portal in FORM GSTR-7A after filing of monthly return. b) Deduction & Deposit process for Works, Forest divisions & P.L. Administrations Individual Bill-wise Deduction and its Deposit of TDS will be made by the DDOs drawing their claim from Tr....
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....ury will pass the bill and debit the suspense account and upon successful payment, a Challan Identification Number (CIN) will be generated by the RBI and will be shared electronically with the GST Portal. This will get credited in the Electronic Cash Ledger of the concerned DDO / Tax Deductor in the GST Portal. This can be viewed and the details of CIN can be noted by the DDO anytime on GST portal using his Login credentials. x. Subsequently, the DDO shall generate TDS certificate through the GST portal in FORM GSTR-7A after filing of monthly return. c) Deduction & Deposit process for Societies, Corporations etc. (Non-Treasury Transactions) Individual Bill-wise Deduction and its Deposit of TDS will be made directly by the MD/PD etc. of the Society, Corporation etc. against the various bills. The concerned DDO will have to generate CPIN (Challan) from GST portal in respect of TDS deduction from the Bill. In this regard, the following process will be adopted: i. The DDO shall prepare the bills based on the Expenditure Sanction. The Expenditure Sanction shall contain a) Total amount. b) Net amount payable to the Contactor / Supplie....