TMI BlogGuidelines for Deductions and Deposits of TDS by the DDO under GST.X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 the 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 SGST Act, 2017, every Deductor shall deduct the tax amount from the payment made to the supplier o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... periodic manner. 5. In order to give effect to the above options from 01.10.2018, a process flow of deduction and deposit of TDS by the DDOs has been finalized for guidance and implementation by the State Government Authorities. The process flow for Option I and Option Il are described below: 6. Option I-Individual Bill-wise Deduction and its Deposit by the DDO.- (a) In this option, the DDO will have to deduct as well as deposit the GST TDS for each bill individually. (b) Following process shall be followed by the DDO in this regard: (i) The DDO shall prepare the FVC (Fully Vouched Contingency) Bill, by providing the details of the (a) Total amount, (b) net amount payable to the Contra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ferably through online mode. (vi) 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 the details of CIN can be noted by the DDO anytime on GSTN portal using his Login credentials. (vii) The DDO should maintain a Register as per proforma given in Annexure 'A ' 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. ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... paring the CPIN for making payment on weekly/monthly or any other periodic basis, the total amount could be easily worked out. (iv) 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 remitted to separate bank account (current account)}. (v) While generating the CPIN, the DDO will have to select mode of payment as (a) NEFT/RTGS, (b) OTC or (c) Through online payment, using SBI payment gateway or SBI Internet Banking facility. Note :- In the OTC mode, the DDO will have to select the Bank (i.e. State Bank of India) and the mode of payment as cash or Cheque or Demand Draft where the payment will ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 10/10/2018. (Dipak M. Bandekar) Commissioner of State Tax, Goa Note : This Circular is issued based on the Circular issued by Department of Revenue, Ministry of Finance, Government of India, vide Circular no. 65/39/2018-DOR, dated 14/09/2018. Annexure A Record to be maintained by the DDO for filing of GSTR 7 Sl.No. GSTIN of the Deductee Trade Name Amount paid to the Deductee on which tax is deducted Integrated Tax Central Tax State/UT Tax Total ..... X X X X Extracts X X X X X X X X Extracts X X X X
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