GST query

GST query

Hi , Good day. I have two questions.

1> Can you please explain - What is TDS / TCS under GST.
I am Exporter-Importer of Service.
I am importing service from foreign vendors and paying TDS 20% from my pocket to Income tax department as the vendor has no office in India. I am paying GST RCM tax on foreign payment ( Including on TDS amount ).

Do I need to pay TDS under GST again separately? Do I need to register as TDS deductor in GST. . Both TDS are different types ? what will be the GST TDS rate .. Is it required for me .?

2> Can you please share your experience. As GST refund I got 90% money in my bank account. They told remaining 10% amount will be issued after detail verification.
If all goes well how long it may take to complete the whole process and get remaining amount. Is it 2-3 months or more ..like may be a year.

Thank you

Asked 6 years ago in GST

Hii

No Need to pay TDS under GST, under GST TDS for E commerce operator and TCS for Govt. Contractors only.

no TAT (Turn around Time ) prescribed under GST Act for This Refund , thus please wait for refund.

Lalit Bansal

CA, Delhi

773 Answers

61 Consultations

5.0 on 5.0

Talk to Lalit Bansal

I dont think you need to pay TDS under GST .

You will need to wait for sometime for the refund. There is no definite period defined to receive the refunds.

Nikhil Khanna

CA, Mumbai

1429 Answers

19 Consultations

4.8 on 5.0

Talk to Nikhil Khanna

Both are different.

You are rightly paying under TDS (Income tax). & Further RCM on GST is also rightly paid by you.

Provision for TDS under GST has been postponed till further notice & Since you are already paying under RCM so TDS provision will not be applicable to you.

Yes both TDS are of Different Types.

(TDS is a payment mechanism & not a tax in itself.)

Refund of GST is an issue. Govt of India is trying to sort it out. Even after completing whole process, in some cases we have our refund stuck since last 6 months. So it completely depends on swift action of GST council, by when & how they decide to address this issue.

Chirag Maru

CA, Raipur

210 Answers

5.0 on 5.0

Talk to Chirag Maru

Dear Sir,

1) TDS under income tax and GST are different. Under GST it is applicable to govt. and specified persons notified by the govt. TDS provisions have been deferred by the govt. till now. Rate is 5%.

2) Upon complete verification, remaining amount will be released.

Vivek Kumar Arora

CA, Delhi

Available Now

4844 Answers

1037 Consultations

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Talk to Vivek Kumar Arora NOW!

1. TDS under GST is not applicable to you. Your calculation for GST and TDS under income tax should be like.:

Total contract price - 118

GST - 18

TDS - 20

2. It completely depends on the tax authorities how early they issue the complete refunds. No definite period seen till now. There have been so many delays in GST refund processing.