Good morning sir, Please help if you can clear this doubt. As tds on metal scrap is applicable from chapter 72 to 81 of CTA, so it means all hsn starting from 72 to 81 are covered or only those hsn which has scrap word in it is covered.
Threshold limit 2.5 lakh hai.. Agar koi contract 2 lakh 2 lakh ka banata hai to us conditions mein applicable hai ya nhi... Ek baar tds deduct kiye to har chote chote contract par bhi deduct karna hoga.. Please reply
As we are importing scraps, if my buyer deducts 2% TDS and it will come in my cash ledger thereafter, then how i can utilize that cash balance for making bill of entry payments As duty payment consist of CUSTOM DUTY + IGST, and payment is done thru customs payment gateway, then how we can utilize cash ledger amount
@@cavardeepsingh45 Sir, Right, but after importing, we will sell that to plant , he will deduct 2% tds which will later come in my cash ledger post return filing.. but how i will able to use in igst payments further as bill of entry payments are thru customs gateway not gst gateway
@@cavardeepsingh45 Sir, in this section , Is refund permissible? As till now govt gives refund only in 3 conditions ( 1 export, 2 inverted duty structures 3 in case of 0 rated supplies)
Hi Vardeep ji - Thanks for such an amazing video. Please clarify - TDS is to be deducted at the time of payment or credit in the books, whichever is earlier ? Do we require to deduct the TDS at the time of payment or credit ? Thanks!
Sir, do I need to see this 2.5 lakhs limit transaction to transaction or like 1 lakh limit in 194C of Income tax act i.e. once i cross the limit of rs. 2.5 lakhs then I will have to deduct gst TDS on all future transactions for the FY even though individually they will be below 2.5 lakhs?
Law says 2.5 lakhs per contract. Wait for the government clarification. As of now.. 2.5 lakhs is not per year limit.. you can have separate contracts and multiple contracts in a year.
Thanks you have given Very crisp & clear clarification
Thank you !!
Cleared it to the last nail. Thank you 😊
You're welcome 😊
Very Helpful 🙏🏻Thanku
Your welcome 😊
Thanks for the information
Your welcome
Thank you
Your welcome!
Agar bill 10 October s phala k or uske against payment Karni h tub bhi 2% tds deduct hoga
Tds ka pymt refund kaise hoga
What about payments already made from Apr 24 to Oct 24....
As a screw manufacturer does this rule also applies to us during sale of our iron bura scrap or purely to scrap dealers?
In my view, it applies to you as well.
Sir yh gst amoutn 250000 exceed krta h tb bharna h ya whole sum amount 250000 exceed hota h tab
In which metal scrap
Sir kaun si stage per bharna hai tds maan lo teen jagaha se ghoom gai scrap to
KYA METAL SCRAP SALLER KO TDS NO. LENA HAI GST MAI
Yes
Sir humko ye TDS return kab milega Jo party deduct karege.
Sir tds payment kaun sa section me karna padega income tax portal me ??
Sir, Sale Bill Generate karne pe bhi TDS ka kuch karna hoga kya..yaa Only Purchase ki enrty ke time TDS deducte karna hoga
GST mai only purchase ke waqt aap TDS katoge.
Good morning sir,
Please help if you can clear this doubt.
As tds on metal scrap is applicable from chapter 72 to 81 of CTA, so it means all hsn starting from 72 to 81 are covered or only those hsn which has scrap word in it is covered.
thank you...kindly explained for registration for tds under gst ASAP please.
@@mdimdad5025 Go to GST.GOV.IN then Register then register as TDS Deductor.
If require technical assistance, you can call at 9999450487
For interstate supply no need to deduct ? Buyer or suppler who should deduct ?
Sir i buy and melt scrap for my desired finished product. Does this applicable to me. And iam not scrap dealer iam manufacturer
Sir could u please tell me that tds u/ s 94q in income tax act shall be additional to this 2% tds in gst and how we are to deal with it
It will be additional.
Lead Ingots Aur Battery Pe Hai Tds
HSN CODE
LEAD INGOTS : 7801
BATTERY SCRAP : 8590
Register metal scrap supplier agar kishi register metal scrap to maal dee raha hai to tds keshe katega
Separate registration leke.. as TDS Deductor
Will it be applicable tds in case of distinct person supplies as well?
Yes
Sir plastic scrap ma bhi laga ga tds
Plz tell
Threshold limit 2.5 lakh hai.. Agar koi contract 2 lakh 2 lakh ka banata hai to us conditions mein applicable hai ya nhi... Ek baar tds deduct kiye to har chote chote contract par bhi deduct karna hoga.. Please reply
Not applicable , however i will suggest TDS deduct karo..amendment and clarity will be there in the law..very soon
As we are importing scraps, if my buyer deducts 2% TDS and it will come in my cash ledger thereafter, then how i can utilize that cash balance for making bill of entry payments
As duty payment consist of CUSTOM DUTY + IGST, and payment is done thru customs payment gateway, then how we can utilize cash ledger amount
Import ke case mai exemption hai.
@@cavardeepsingh45 Sir, Right, but after importing, we will sell that to plant , he will deduct 2% tds which will later come in my cash ledger post return filing.. but how i will able to use in igst payments further as bill of entry payments are thru customs gateway not gst gateway
@@sumit37b you can take refund, if remains un utilise
@@cavardeepsingh45 Sir, in this section , Is refund permissible? As till now govt gives refund only in 3 conditions ( 1 export, 2 inverted duty structures 3 in case of 0 rated supplies)
@@sumit37b In my view refund will be given.
How to take gst TDS number
You need to take tax deductor number in this case. Go to Register as Tax Deductor on GST Portal.
@@cavardeepsingh45 BUT SIR THIS DEDUCTION NUMBER OCCUR IN BASE OF PAN NUMBER OR BASE OF TAN NUMBER?
@@paragshah9918PAN
Why TDS for scrap.
Ask @nirmilaji
Sar Maine government se auction Mein Mal liya uska payment karte samay TDS Katkar payment karna padega ki Kaisa karna padega
Apply for registration, file GSTR-7 and deposit tax accordingly
Sir within state registered dealer to registerd dealer tds is applicable in supply of metal scrap
Applicable.
Sir..is there any turnover limit?
2.5 lakhs is contract limit
250000 ki limit har month milegi ya saal bhar ki h
Per contract.
Wait for the govt clarification on this.
if bill raised below 2.5 lakh to party but during the FY supply more than 2.5 lakh in that condtion TDS is applicable
In my view, TDS is not applicable.
Prefer Wait for the clarification by the government.
Do we need to apply for TAN number and file TDS returns for the TDS we deducted?
No .. take registration as TDS Deductor in GST
Is 2,50,000 limit per transaction
Per contract
Sir,hum ek party ko 2.5 lac ka bill kat te ha,4 din bad doosra 2.5lac ,same party ko ,tab rule kya rahega
Agar different contract hai to tds nai lagega.
What do u mean by Contract
Compound ke case me kitna % RCM DEPOSIT HOGA
Please provide HSN, then only will able to answer your query.
@@cavardeepsingh45 7204
7204
Hi Vardeep ji - Thanks for such an amazing video. Please clarify - TDS is to be deducted at the time of payment or credit in the books, whichever is earlier ? Do we require to deduct the TDS at the time of payment or credit ? Thanks!
Whichever is earlier.
Contract value will be including Gst or excluding
Excluding
TCS NA KATE ISKE LIYE JESE FORM 27 HE
TO KYA TDS KE LIYE BHI FORM HE?
Form GSTR-7
Sir, do I need to see this 2.5 lakhs limit transaction to transaction or like 1 lakh limit in 194C of Income tax act i.e. once i cross the limit of rs. 2.5 lakhs then I will have to deduct gst TDS on all future transactions for the FY even though individually they will be below 2.5 lakhs?
please sir same query please highlight this
Law says 2.5 lakhs per contract.
Wait for the government clarification.
As of now.. 2.5 lakhs is not per year limit.. you can have separate contracts and multiple contracts in a year.
I dont understand but its loss to the supplier because he get 2%less in hand
He will get the credit in cash ledger and can seek for the refund
2.5 lakh including gst or only taxable?
Exclusive gst
If i buy from delhi and my company in jamanagar tds applicable?
Yes
Up.se.maall.haryana.jay.to.bhi. tds. Katega
Y.E.S.
Jo 2% TDS hoga Kya usku cash me refund lesakta hun ? if yes then procedure kya hoga?
Apply refund of cash ledger after filing GSTR-7
Ye faisla govt ka sahi hai.
Sbse jyada gst ki chori metal scrap k kaam m thi
You can say this
ता.9.10.2024 को पैमेंट करना रु.300000 वो मैं 11.10.2024 को करता हूं तो TDS काटके अब रु 294000 करना होगा
No,
If invoice is generated before 10.10 not required to deduct TDS in my view.
For interstate supply no need to deduct ? Buyer or suppler who should deduct ?
It is applicable on inter state supply,
Buyer will deduct.
Tds ka pymt refund kaise hoga
For interstate supply no need to deduct ? Buyer or suppler who should deduct ?
For interstate supply no need to deduct ? Buyer or suppler who should deduct ?
@@Hunnime TDS will be applicable