The Central Board of Indirect Taxes and Customs (“CBIC”) has issued a revised and updated standard operating procedure for TDS under GST dated February 18, 2019. This is a ready reckoner for DDOs and other deductor in GST.
The gist of key highlighted points which are covered under the following SOPs are as follows:-
1. All deductions made earlier must be included while furnishing the first return. In other words, while furnishing the return for the month of November, 2018, TDS deducted for the months of October and November, 2018 shall be included in the said return. (Inserted as on December 27, 2018).
2. A system generated TDS certificate in FORM GSTR-7A mentioning therein the value on which tax is deducted, and amount of tax deducted and other related particulars shall be available for download from the portal by deductee. This shall be deemed to be sufficient compliance with the provisions of section 51(3) since such certificate cannot be generated/ downloaded unless the deductor files the return. (Amended on February 18, 2019).
The Complete standard operating procedure for TDS can be accessed at: http://www.a2ztaxcorp.com/wp-content/uploads/2019/02/SOP-TDS-AS-ON-18thFeb.pdf