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TMI BlogGuidelines for Deductions and Deposits of TDS by the DDO under GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... d 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 along with 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 through NEFT to RBI or a cheque to be deposited in one of the authorized banks, using challan on the common portal. In addition, the deductors are entrusted the responsibility of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g a CPIN (Challan) and mentioning it in the Bill itself. 7. Following process shall be followed by the DDO in this regard: (i) The DDO shall prepare the Bill based on the Expenditure Sanction. The Expenditure Sanction shall contain the (a) Total amount, (b) net amount payable to the Contractor/Supplier/Vendor and (c) the 2% TDS amount of GST. (ii) The DDO shall login into the GSTN Portal (using his GSTIN) and generate the CPIN (Challan). In the CPIN he shall have to fill in the desired amount of payment against one/many Major Head(s) (CGST/SGST/UTGST/IGST) and the 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the month. This Record will be helpful at the time of filing Monthly Return (FORM GSTR-7) by the DDO. The DIDO may also make use of the offline utility available on the GSTN Portal for this purpose. (x) The DDO shall generate TDS Certificate through the GST Portal in FORM GSTR-7A after filing of Monthly Return. Option II - Bunching of deductions and its deposit by the DDO 8. Option-I may not be suitable for DDOs who make large number of payments in a month as it would require them to make large number of challans during the month. Such DDOs may exercise this option wherein the DDO will have to deduct the TDS from each bill, for keeping it under the Suspense Head. However, deposit of this bunched amount from the Suspense Head can be mad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 CPI ..... X X X X Extracts X X X X X X X X Extracts X X X X
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