Answer

1. F

   Facts

   TDS under Sec 51 and TCS under Sec 52 credited to your cash ledger, once accepted, become part of the cash balance. Circular 166/22/2021-GST dealt with refund of such amounts, and the excess after dues can be claimed as excess cash balance.

2. P

   Provisions and law

   • Sec 52, CGST Act 2017E-commerce operators collect TCS on net taxable supplies made through them
   • Sec 49(6), CGST Act 2017Balance left in the cash or credit ledger after paying dues may be refunded under Sec 54
   • Circular 166/22/2021-GSTTime limit of Sec 54(1) does not apply to refund of excess cash ledger balance
3. A

   Analysis

   A contractor receiving 2 percent TDS from government payments often has more cash than tax due. Accept the credit, use it for tax, and claim refund of the rest. Check that the deductor's or operator's return matches your sales to avoid questions.

4. C

   Conclusion

   1. 1Accept TDS and TCS credit on the portal
   2. 2Use the cash balance for current liabilities
   3. 3Compute the excess
   4. 4File RFD-01 for the excess

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.