NEW CHANGE FOR TDS UNDER GST METAL SCRAP DEALER ! GSTR 7 FILING CA SATBIR SINGH
NEW CHANGE FOR TDS UNDER GST METAL SCRAP DEALER ! GSTR 7 FILING CA SATBIR SINGH [ Ссылка ]

Advisory for Reporting TDS Deducted by scrap Dealers in October 2024
As per Notification No. 25/2024-Central Tax, effective from 10.10.2024, any registered person receiving supplies of metal scrap classified under Chapters 72 to 81 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), from another registered person, is required to deduct TDS under Section 51 of the CGST Act, 2017.

2.In this regard various tickets have been received on the issue that taxpayers are unable to report TDS deducted in the month October 2024 as they are not able to file return for the month of October 2024. This issue has occurred because while the taxpayers applied for GST registration in October 2024 pursuant to the above notification, their GST registrations were approved only in November 2024. Hence, in the return dropdown the month October 2024 is not visible to such taxpayers. This is as per the existing GSTN system design where returns for tax period prior to registration month is not enabled for taxpayers.
However, to resolve the issue, taxpayers who were granted registration in November 2024, but deducted TDS in October 2024, are hereby advised to report the consolidated amount of TDS deducted for the period from 10.10.2024 to 30.11.2024 in the GSTR-7 return to be filed for the month November 2024.

For any further assistance, taxpayers may contact the GSTN helpdesk.
#GSTR7 #GST

Subscribe our Whatsapp Channel CA Satbir Singh Taxheal [ Ссылка ]

Download GST and Income Tax Judgments [ Ссылка ]

Reverse Charge Mechanism under GST by CA Satbir Singh [ Ссылка ]

Join Tax Heal Youtube Channel [ Ссылка ]

Join Membership and Get GST Online Course , Exclusive Videos and Posts for Members only [ Ссылка ]

Join Telegram CA satbir singh Taxheal [ Ссылка ]

Members Only Video Playlist [ Ссылка ]

Conact us /for Sponsorships and collaborations please write to us at taxheal@gmail.com

GST Videos for :-
_____________
All Videos on GST News: [ Ссылка ]

GST Books [ Ссылка ]

GST Input Tax Credit [ Ссылка ]

GST Invoices [ Ссылка ]

GST supply [ Ссылка ]

GST Valuation [ Ссылка ]


GST Interest [ Ссылка ]

GSTR3B [ Ссылка ]

GST Annual Return GSTR 9 etc [ Ссылка ]

GST on Real Estate [ Ссылка ]

GST Prosecution [ Ссылка ]

GST Judgments [ Ссылка ]




DISCLAIMER ***
This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.

свернуть