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Central Government News

PROCESS TO ACCEPT/REJECT GST TDS-CREDIT

Process to accept/reject GST TDS-Credit – RBA No 120 /2018 GOVERNMENT O1 INDIA MINISTRY OF RAILWAYS RAILWAY BOARD RBA No. 120 /2018 GST Circular No. 45 /2018 No. 2018/AC-II/1/46 15th November, 2018 Principal Financial Advisers, All Zonal Railways and Production Units Sub:-  Process to accept/reject GST TDS-Credit. GSTN portal has come up with a functionality to accept or reject GST-TDS summary, as deducted by Railway’s PSU customer, In this regard, Railway Board’s GST Consultants have prepared a process flow which is attached for information and necessary action. CRIS will place a MIS report which will contain Principal Railway wise, Customer GSTIN wise summary data in the GST manual utility, which may be relied upon to accept the GST-TDS that is residing in Principal Railway’s GSTIN. In case the difference between the CRIS report and the figure that is getting reflected in the Railway’s GSTIN is substantial, then the data needs to be rejected and necessary, follow...