GST TDS credit received

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..... Sir, I have two customers who are required to file GSTR-7 TDS return in June month but out of them, only one file the return. Now, at time of filling GSTR-3B , I have accepted only one supplier TDS credit which is shown in my TDS credit received return because other has not filled the return and no credit shown. My question is when second supplier filed his TDS return for June month, then ho .....

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..... w can I claim credit for the same because I have already filed TDS return for June month. - Reply By KASTURI SETHI - The Reply = As and when second supplier files his return ( GSTR-7 ), the amount will be reflected automatically in your Electronic Cash Ledger and you can use/adjust the same next month's return. - Reply By Ganeshan Kalyani - The Reply = Yes, the credit will flow into your .....

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..... ECL once your customer files the GST-TDS return. - Reply By Rajagopalan Ranganathan - The Reply = Sir, GSTR-7 is to be filed by the tax deductor on or before 10th of next month to the month in which such TDS was effected. If your supplier filed the return for June say in august then you can show the credit is your GST-3B return for the month of August.You have time to take credit till fi .....

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..... ling of September return of the next financial year. - Reply By Bhavika Chothani - The Reply = Once the second supplier files his GSTR-7 , you will be able to see the amount in GSTR-2X. Accept this credit and it will automatically reflect in your electronic cash ledger. You can use this amount to set-off the liability in the month in which the second supplier files his GSTR-7 - GST TDS cre .....

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..... dit received - Query Started By: - KARAN VERMA Dated:- 23-7-2020 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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