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.