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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 ..... re 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 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 deposi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I and Option Il are described as under: Option I - I ndividual Bill-wise Deduction and its Deposit by the DDO 6. In this option, the DDO will have to deduct as well as deposit the GST TDS for each bill individually by generating 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 ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt, 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. (ix) 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 DIDO may also make use of the offline utility available on the GSTN Portal for this purpose. (x) The DDO shall generate TDS Certificate throu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 -PAO Suspense has been opened. S. No. Major Head Sub Head Description Major Head Serial Code (8-digit reduced accounting code SCCD Code 1. 8658-00-101 08-GST TDS 86580344 367 (v) 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 wo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f branch of the authorized Bank so selected by the DDO. (xii) 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. (xiii) 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 DIDO. The DIDO may also make use of the offline utility available ..... X X X X Extracts X X X X X X X X Extracts X X X X
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