Paid TDS returns for GST? The centre through a latest notification has extended the due date of filing tax deducted at source returns under GST laws for the October-December period till January 31, 2019.
According to the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 percent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states levy 1 percent TDS under state laws.
PwC India Partner and Leader (Indirect Tax) Pratik Jain said issues were being faced on GST portal as regards acceptance of tax deducted by the deductor for claiming credit/ benefit by the deductee and generation of TDS certificates.
“Even after following the steps, TDS certificates were not getting generated in certain cases, leading to disputes between deductor and deductee,” Jain said. He said the government should consider all such challenges being faced in the entire workflow of TDS return filings and make necessary changes on the GST portal.