TMI BlogGuidelines for Deductions and Deposits of TDS by the DDO/ DivisionsX X X X Extracts X X X X X X X X Extracts X X X X ..... ction 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 the payment made to the supplier of goods or services or both and deposit the tax amount so deducted with the Government account (by using IFMS) through NEFT to RBI or a cheque to be deposited in one of the authorized banks, using challan / CPIN on the GST portal. In addition, the deductors are entrusted the responsibility of filing return in FORM GSTR-7 on the common portal (GST Portal) for every month in which deduction has been made based on which the benefit of deduction shall be made available to the deductee. All the DDOs in the Government, who are performing the role as deductor have to register with the common portal (GST Portal) and get the GST Identification Number (GSTIN). 3. The subject section which provides for tax deduction at source was not notifie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2% TDS amount of GST. Sanction number and date along with point number (a), (b), (c) and CPIN number shall be part of respective GA Forms used for vendor/ suppliers payments. IV. The DDO shall prepare the bill on IFMS/ Paymanager/ WAM for submission to the respective Treasuries/ Sub Treasuries V. In the Bill, (a) the net amount payable to the Contractor; and (b) 2% as TDS will be specified VI. In case of CPIN generated through. NEFT/RTGS mode at GST Portal by DDO, 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. System/ IFMS will facilitate this payment process during the bill generation and e- payments. VII. For CPIN generated through NEFT/RTGS mode- TDS amount will be conveyed through the system of IFMS/Agency Banks/ RBI e-Kuberto RBI. Upon successful payment, a CIN will be generated by the RBI/Authorized Bank and will be shared electronically with the GSTN Portal. This will get credited in the electronic Cash Ledger of the concerned DDO in the GSTN Portal. This can be viewed and th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . III. In the Bill, it will be specified (a] the net amount payable to the Contractor; and (b] 2% as TDS. Deduction schedules [ as per Annexure-B-1 B-2 ) will also be generated through the system along with the bill for TDS deductions being made under 8658 head of account. The TDS amount shall be mentioned in the Bill for booking in the Suspense Head [8658 -101-[60)]and NEFT/RTGS to RBI. IV. The DDO will require to maintain the Record of the TDS so being booked under the Suspense Head so that at the time of preparing the CPIN for making payment on weekly/monthly or any other periodic basis, the total amount could be easily worked out. System will also facilitate by providing MIS reports related to TDS deductions to the DDOS/ Departments [DDO wise)/ Treasuries/ Sub Treasuries/ FD/DTA V. At any periodic interval, when DDO needs to deposit the TDS amount, he will prepare the CPIN on the GSTN Portal for the amount [already booked under the Suspense Head). DDO shall be responsible to clear all the parked GST TDS deductions from suspense head [8658 -101-[60)]upto the 3rd working date of consecutive month. He/ she shall also be responsible for monitoring of CPIN payments[ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r of the concerned DDO in the GSTN Portal. This can be viewed and the details of C1N can be noted by the DDO anytime on GSTN portal using his Login credentials. Agency banks and RBI will be liable to link these processes with the e-transactions of IFMS. If some technical integration needs to be redesigned by Agency Banks/e-Kuber, RBI/NIC, the same shall be immediately addressed before 1st Oct, 2018. XII. The DDO should maintain a Register as per proforma given in Annexure 'C' to keep record of all TDS deductions made by him during the month. This Record will be helpful at the time of filing Monthly Return (FORM GSTR-7) by the DDO. The DDO may also make use of the offline utility available on the GSTN Portal for this purpose. XIII. The DDO shall file the Return in FORM GSTR-7 by 10th of the following month XIV. The DDO shall generate TDS Certificate through the GSTN Portal in FORM GSTR-7A 12. Departments should instruct all their DDOs under them to follow the above procedures for payment of GST TDS amount deducted from payments to be made to suppliers. Departments will also ensure that all eligible DDOs/ Government Agencies have done their registration at ..... X X X X Extracts X X X X X X X X Extracts X X X X
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