TDS under GST New changes from 10 October 2024 | TDS on Metal Scrap | New changes of GSTR-7

In GST as per Section 51 of the CGST Act, certain entities are required to deduct TDS on payments made to suppliers for taxable goods and services. In 2024, the Central Board of Indirect Taxes and Customs (CBIC) introduced important updates, especially in relation to GSTR-7 filing, waiver of late fees, and TDS on metal scrap.
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[@CAGuruJi]

Read More: taxupdates.cagurujiclasses.com/tds-under-gst-updated-with-new-provisions-for-metal-scrap-and-gstr-7/ ________________________________________________ 💁🏼 सीखें cagurujiclasses.com 📞 Call at 9150010400 (only for courses)

[@madhusudandey3368]

Hahaha 😁👌

[@basayyachannabasayya5949]

Thank You madamji It is very helpful

[@harshitmalviya9334]

2.5 lakh ki limit kisi month ke total purchased bills ki hai ya 3-4 bills ke alag-alag amount me jo bi bill us limit ko cross karega uspar hai? Please help karein ma'am.

[@ITSTAR-p3m]

hello maam koi be register person ko jo metal business me he use gst tds deduct karna complosury he usme turnover ki koi limits he ya nahi he?

[@Dimension-mind]

in this month of Oct-24 i paid and filed wrongly CGST(2500) & IGST(2500) instead of CGST(2500) & SGST(2500) and the supplier rejected the GST TDS for amendments return, but in the month of Nov-24 am amended the entries and it showing addition liability part of SGST amount(2500) for the last month, how return get back the IGST(2500) amount paid in the month of Oct-24, what is the procedure above issue...

[@understandthewordsfeelthes3036]

Thanks for sharing helpful information

[@prithvirajmudappu3717]

Thanks 🙏

[@rohinipatel1460]

Gstr 9 and 9c GST form site pe aaye hi ny he abhi taq

[@CAGuruJi]

coming soon

[@gstauditcenter8250]

Hello mam is this GST TDS applicable for metal pipe, metal plate, metal rod (which means metal raw material) ?

[@souravverma8930]

Mam reg 07 m kaise registration len hota h

[@dharmendraashiyani8094]

Books of accounts me kaise entry karenge

[@mrcool3405]

Thank you🙏

[@UttamMitra-y9x]

Other state me vi tds deduct karna hei?

[@rkchaurasiyalko]

GSTR-7 jo previous period ke Nil return the vo mandatory nhi the file karna to ab oct se mandatory hoga na ya phir previous vale bhi file karna padega

[@Sunilkothiyal]

only from oct 24

[@rkchaurasiyalko]

@@Sunilkothiyal Okay...thanks

[@JitendraPatel-nw6qr]

Scrap pe Section 206 CE ke under tcs collect karte ho to bhi gst me tds katna Ho ga

[@dalipkumarandcompany1731]

Yes

[@JitendraPatel-nw6qr]

@@dalipkumarandcompany1731 ye to do bar Ho jayega

[@sanjaymukherjee6046]

Obviously.... U need to follow the laws

[@rameshkedia1063]

It is not scrap it is CR sheet but HSN is 72044100

[@SiddarthaKumar-h1s]

gst proprietorship me kon sa GST file karna hota hai

[@keyurgaliajain8548]

Please explain 2.50 Lakhs Limit for TDS Deduction under a Contract.. Is it Single Bill Limit or Aggregate Value during the year ?? This is the biggest confusion right now...

[@sanjaymukherjee6046]

2.5 lakhs is the aggregate value of all supplies under one contract Also a single supply more than 2.5 lakhs under one contract is possible

[@massg5873]

What is a contract? Practically there is no contract in the scrap business. We sell to anyone who can give the best price

[@vinitgupta6980]

Good morning madam Ma,am GST me TAN no kese apply kare. Kya 94Q TDS on purchase of goods bhi deduct karna padega ya Discontinued ho jayega...?? Please confirm both query

[@CAGuruJi]

no concept of TAN number under GST, Separate registration for TDS Deductors

[@ahmadsarfaraz7630]

Mam kya entry 71 to 82 me sab metal scrap hi mana jayega ya bill pr metal scrap discription me likha hone pr hi mana jayega

[@ahmadsarfaraz7630]

Main to iron steel purchase krta hu metal scrap bill pr nhi mention hota h main to finish item purchase krta hu kya mujhe TDS deducted Krna hoga

[@yogeshvish1470]

Tds katne ki threshold limit kya hai mam

[@sanjaymukherjee6046]

Taxable value of supplies INR 250000 under a contract

[@yogeshvish1470]

@@sanjaymukherjee6046 thank you

[@Krps1287]

Ma'am please ap jo GST me jo tds applicable hua hai uski entry ko tally pe kaise kre or cash ledger se kaise setoff kre vo bta skti hai

[@syedjunaid7138]

Mam kya har scrap merchant ko jo gst may registered hai aur gst dealers se purchase kar rah hai usko alag se gst registration lena hoga as a tax dedcutor

[@sanjaymukherjee6046]

Haan ji

[@badboys6205]

Mama gst tds ke liye tan no. Kaise apply kare

[@CAGuruJi]

No TAN in GST, Apply Registration as TDS Deductors

[@kandaswamy.v4639]

Are we able to file for October month ? Because we have been issued the certificate of registration on 4th November

[@mushirshaikh3197]

If during year all the contract done with same party and all the contract is less the 2.5 lakh then tds applicable??

[@sumitscorpio]

Not apply as contract value not exceed 2.5 lacs

[@magneticlearning9781]

Mam agar alg state se purchase krte h to to deposit 2% igst m deposit hoga

[@sanjaymukherjee6046]

Haan

[@magneticlearning9781]

How much rcm rate deduct purchase from unregistered

[@thealphabetneeraj4643]

Mam ya update hama kasa pata chaga kon se website ha

[@aaliyarehman7624]

Ma'am scrap metal ka ye notification private sector ke liye bhi applicable hai kya kyunki phle GST me tds deduct central/state Government department, local authority , govermental agencies ye log deduct krte the to ab ke notification ke according registered person inme se nhi hua tb bhi kya recipient tds deduct karega

[@TinuPandit-gy3vq]

Hello ma'm please solve my query regarding tdson scrap 2% jo deduct karna hai wo single invoice value hai ya multiple invoice ko add krke bhi deduct karna ? for example 1 party se mujhe every month contract mila total 6.3 lac and multiple supply hui in a month jaise ki ( 1.5 lac pe 18% then 2 lac pe 18% then 2.8 lac %18) then mujhe konsi supply pe tds deduct karna last 2.8 lac ki taxable value pe ya total 1.5+2+2.8 =6.3 pe tds collect krna h ?

[@shuvajitbanerjee718]

Mam konsa Section ma TDS deduction korna ha?

[@quicksupportgyan3856]

Ma'am GSTR 9 & 9C se kab se start ho portal par ?

[@kiransawant379]

Hello mam late fees is wave on filling return from June 21 onward but still late fees apply on portal for nil return on filling aug 2024 nil return

[@CAGuruJi]

who said late fee is waived?

[@Mohsinkhan-mp7ij]

Govt is making doing business tough day by day.

[@lokarepavani]

Madam can you pls tell us about poultry-related supplies as to in which category it relates to either zero-rated, nil rated, or whether it is exemptedd

[@parteekrana6687]

Is annual return 9 & 9C latest F.Y 23-24 course available at your website?

[@nehalraza1270]

Ma'am please make a video regarding with JPT.

[@razzakpatel7606]

Hello mam We purchase the metal scrap from the Government companies likewise NTPC SECL Then we liable to deduct TDS under GST purchase or not or the government companies are exclude or what? Please Clear the query

[@REORIENT23]

Nice video..

[@bhaskarbahuguna4688]

If company haven't TAN . is the tds deducted?

[@CAGuruJi]

in GST TDS is not TAN based, Separate registration as TDS deductor required

[@sanjaymukherjee6046]

Tan number income tax wale mein lagta hai, yahan nahin

[@ashikali1355]

Metal scarp me .1% tds Deduct karte the ab 2 % +.1 = 2.1% Deduc karege ya only 2 %

[@CAGuruJi]

GST TDS Rules are separate and Income Tax Rules are separate

[@sanjaymukherjee6046]

In case of GST, deduct 2 percent as TDS.... Intra State -- cgst 1 percent & sgst 1 percent Inter state -- igst 2 percent

[@shweatakadam3936]

Scrap sale vr TCS 1 % applicable hoty na mg tu karaych ka nahi

[@hirensheth2978]

Do I need to register as Tax deductor even if I am purchasing Metal Scrap having contract value under Rs.2,50,000.00 and not liable deduct TDS?

[@umeshdaksh9047]

Ma'am TDS ka abhi puri tarah se clear nahi hua, jaise ki TDS kaun katega? Supplier ya Receipients ? Aur ye kitne Turnover balo par applicable hoga? Please mam isko clear kijiye, iss par details video banaiye ya reply kijiye.

[@CAGuruJi]

recipient

[@umeshdaksh9047]

@@CAGuruJi Ok mam, ye kitne turnover balo par applicable hoga ?

[@sanjaymukherjee6046]

​@@umeshdaksh9047Bhai ye income tax nahi hai jahan aap turnover dekhenge.... GST mein TDS deductor ke liye koi turnover nahin lagta.... Mandatory registration

[@rohinipatel1460]

31st December due date ko extend hi karna padega

[@muditgoyal7242]

Krna toh chaiye lkn yeah log krenge nhi

[@mushirshaikh3197]

If all bill/contract is less then 2.5 lakh then tds is applicable or not??

[@nikhilkotian5135]

No tds gst not applicable

[@sanjaymukherjee6046]

Not applicable

[@jeffpereira4200]

Maam, can you please make a video on how to deduct tds and file returns on advance received by a hotelier from the travel agent. Thank you in advance

[@nageswararao2395]

Hai madam Any Effect on Accounting Jobs with Artificial intelligence.

[@DeepakSharma-ce6ft]

TDS TCS 2024 - 2025 enter karne ke bad financial year 2017-18 show ho raha h 2024-2025 ka tds show ni ho raha h ye kya errt h

[@tamalchakraborty1168]

Yes mujhe bhi yahi show ho raha hai...

[@DeepakSharma-ce6ft]

@@tamalchakraborty1168 ok

[@DeepakSharma-ce6ft]

@@tamalchakraborty1168 return kaise bhar rahe h

[@DeepakSharma-ce6ft]

​@@tamalchakraborty1168 return kaise bhar rahe ho

[@harigupta9240]

250000से ऊपर के बिल पर लागू है

[@RupeshGupta-u4w]

Mom, I am joining your gst course and I have any doubt in it, how can I clear my doubt?

[@CAGuruJi]

What’s up at given number on website

[@RupeshGupta-u4w]

@@CAGuruJi okk

[@priyabratadhar410]

If the government authorities, department, PSUs and local bodies may only be eligible to deduct TDS on GST then who will deduct TDS on GST for purchase of metal scrap from those authorities?

[@sanjaymukherjee6046]

Registered buyer who is purchasing metal scrap from a registered seller.... Here the buyer will deduct TDS!!

[@priyabratadhar410]

@@sanjaymukherjee6046 the list of persons who can deduct TDS on GST is overridden then with any person who are purchasing the listed goods have to deduct TDS on GST: isn't it?

[@rajneeshk6063]

Rs. 250000/- value for single transcation or tolal amount of many transaction

[@shubhamsonawane6482]

Total amount for many transactions

[@Nazish-d2y]

क्या ये TDS हम अपने बैंक खाते में भी ले सकते हैं

[@sanjaymukherjee6046]

Electronic cash ledger

[@Skmetal428]

Kya out of state purchase or out of state sale per tds 2% applicable hai ya nahi ? Igst sale or igst purchase ????

[@bhaskarbahuguna4688]

Yes

[@sanjaymukherjee6046]

2 percent as igst

[@rohitgrover8135]

Thank you for your detailed video on notification no 25. Please tell me One more thing , whether the TDS number will be the same as applicable for Income tax return.

[@CAGuruJi]

in GST TDS is not TAN based, Separate registration as TDS deductor required

[@DEEPAKSHARMA-pg7ry]

Mam Jo 2.5 lacs ki limit hai wo per bill hai ya over all purchase when exceed 2.5 lacs

[@mayankgoyal6476]

Tds gst apply ki vidio bana do

[@accounts6251]

How can I apply for a separate TDS registration?

[@CAGuruJi]

on GST Portal there is option to select as TDS Deductor while applying for new registration

[@amanmalik6015]

Tds registration Lena jaroori hai

[@keyurshah5011]

Sab per hi GSt laga do 😡

[@technicalsujan20]

Scrap ka hsn to 72045000

[@kunalnitin5229]

No sound

[@CAGuruJi]

what?? no such issue

[@hemendrakumarvarshney8825]

What is the definition of scrap? Does it cover METAL scrap only? What about mix scrap like plastic bottles, metal and wood broken furniture. If a trader buys goods from the manufacturer, then it may be OK because it is scrap for them. But what about the dealers who sell it further as it is or after some operations on metals to make it usable from whole sell to small traders who use it after some changes in their manufacturing process? The dealer selling such material not as a scrap but as usable materials.Should it still be defined as scrap for such trader? This is a blow to recycling industry supply- chain a d small scale. In my view, this Govt. Finance Ministry under Fita Ravan is a rag picker and wants money come what may.. making life hell for the businesses and professionals. No simplification, all juggling and litigations. Such 3rd class acts are neither letting create jobs by small businessmen nor letting business to grow. Buntie and Bubbly .type Finance ministry.😂

[@hemendrakumarvarshney8825]

You have used the term contract value. Is Rs. 2.5 lacs invoice value limit per Invoice or monthly or annual limit? If it is invoice value and two different metals scrap is purchased copper and iron, different invoices less than 2.5 lacs each but two invoices put together , taxable value is more than 2.5 lacs, then is TDS applicable?

[@SanjeevKumar-fv4tg]

Waiting for the day when this government will install stool meters on comodes 😂😂😂

[@sanjaymukherjee6046]

Only metal scrap

[@sanjaymukherjee6046]

​​@@hemendrakumarvarshney8825 the taxable value of supplies under one contract should be exceeding 2.5 lakhs.... Not the invoice value

[@ksnarayanan5281]

​@@sanjaymukherjee6046Mr Varshney doesn't seem to be here to learn but only to rant against FM.

[@1116kunal]

Government pagal ho gyi h

[@sahilmishra3811]

Apna advertisement thoda kam kro pls

[@gouranshprabhat4210]

🫵🗣️👂🧠🎯👍🙏🫡

[@yadvendrasingh7547]

टीडीएस 10% काटा जाता है आप 5% बता रही है आपको कोई जानकारी नहीं है

[@CAGuruJi]

where i said 5%??? you are mixing both income tax and GST

[@rameshkedia1063]

Mam we are purchasing Def CR Sheet witch is under HSN72044100 principal is charching1% TCS Also ,Now my quotion is after prossing we sailing same material under same HSN72044100 material without Charging TCS will the buyer will liable to deduct GSTTDS

[@rameshkedia1063]

It is not scrap it is CR sheet but HSN is 72044100

[@mukeshwadhawan5906]

If during year all the invoices done with same party and all the invoices is less then 2.5 lakh then tds applicable??