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GSTR 7 and TDS Explained in 10 ‘Should Ask Questions’

TDS under GST is reported with the help of Form GSTR 7. Read the rate, penalties applicability, GSTR 7A etc here.

Reverse charge, TDS and TCS provisions get deferred for another 3 months

The provisions related to tax deducted at source (TDS), tax collected at source (TCS) and reverse charge mechanism under GST have been deferred for another three months till Sept 30, 2018. Earlier this year in the GST Council meeting, these provisions were deferred till March 31, 2018 and now additional three months extension has been notified.

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