The Finance Ministry, through a notification today, extended the due date of filing tax deducted at source returns under GST laws for the October-December period till Jan. 31, 2019.
The TDS provisions under the goods and services tax were brought into effect from Oct. 1, 2018.
According to the Central GST Act, the notified entities are required to collect TDS at one percent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states levy one percent TDS under state laws.
According to Pratik Jain, PwC India Partner and Leader-Indirect Tax, issues were being faced on GST portal as regards acceptance of tax deducted by the deduct or 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 deduct or 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.
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