Dr. Rashmi Singh, the State Taxes Department in collaboration with NIC, J&K has developed an Online Web application namely ‘APNA TDS’ portal to identify payment made to works contract service providers by DDOs through JK Paysys portal. The move has been made on the directions of Commissioner State Taxes.
At present, DDOs are meant for deducting a particular percentage of the tax payable at source while making payments above a particular threshold. Subsequently, they have to file a monthly return for such deductions made.
The TDS portal now gives the State GST department a direct reach to the JK Paysys system to find as and when TDS is done against work contract payments.
This information can be used to monitor whether the concerned DDO has done TDS files the monthly return in time (by 10th of next month) and whether that the contractor concerned actually files his own return afterwards and clears the total tax liability besides the two percent deducted at source.
The initiative for designing of this portal was led by Shakeel Maqbool, Additional Commissioner, State Taxes (Adm. and Enf.) Kashmir. Sunil Bhagat, Programmer, State Taxes Department was the nodal officer of the department for coordinating with NIC on making the portal.
This portal, when properly used, is expected to revolutionise the process of tax collection from works contractors and other taxpayers eligible for TDS. This in the long run will play a vital role in augmentation of tax revenues collected by the department.