Left Menu
Development News Edition

TDS returns for October-December period can now be filed till January 31


TDS returns for October-December period can now be filed till January 31

The government has extended the due date of filing tax deducted at source (TDS) returns under GST laws for the October-December period till January 31, 2019.

The TDS provisions under the goods and services tax (GST) were brought into effect from October 1, 2018.

According to the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 per cent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states levy 1 per cent TDS under state laws.

The Finance Ministry, through a notification, extended the due date for filing TDS returns under GST for the October-December 2018 period, till January 31, 2019.

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.

(With inputs from agencies.)


TRENDING

OPINION/BLOG/INTERVIEW

Hyderabad Encounter: A sentiment analysis of public mood on day of encounter

Sentiment analysis of twitter users revealed that they showered salutes on Hyderabad police for eliminating alleged gang rapists of the veterinary doctor but only a few believe in cops version of successive events leading to encounter....

Hyderabad Encounter: Time to review modern judiciary and restore people’s confidence

Its probably for the first time in the history of independent India, the parliamentarians, chief ministers and ministers in the Union and State governments are openly supporting an encounter. This indicates the people from top to bottom hav...

What happens to your outstanding loans if the bank falls?

... ...

Time for a change! Innovations to stop the growing plastic pollution

As the planet is drowning in plastic pollution, many new innovative approaches and solutions have emerged to effectively deal with the menace....

Videos

Latest News

REUTERS NEWS SCHEDULE AT 10 p.m. GMT/6 a.m. SGT

Here are the top stories and upcoming coverage plans for Reuters text service as of 10 p.m. GMT6 a.m. SGT. For a full schedule of news and events, go to our editorial calendar on Reuters Connect httpswww.reutersconnect.complanning. TOP STOR...

Seahawks RB Penny to miss rest of season

The Seattle Seahawks will be without running back Rashaad Penny for the rest of the season with a knee injury, coach Pete Carroll said Monday. Carroll didnt have an update on the specific nature of the injury, pending results from an MRI ex...

UPDATE 1-Erdogan: Turkey and Libya can conduct joint explorations in eastern Med

Turkey and Libya can carry out joint exploration operations in the eastern Mediterranean after the two sides signed a deal on maritime boundaries, Turkish President Tayyip Erdogan said on Monday after the move sharpened disputes over the ar...

FACTBOX-What are the articles of impeachment Trump may face?

The U.S. House Judiciary Committee is expected to vote as soon as this week to recommend formal impeachment charges against President Donald Trump ahead of a full vote by the Democratic-led House of Representatives possibly next week. If im...

Give Feedback