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GSTR 7: Filing, Due Date and Format

What is GSTR-7?

GSTR 7 is a monthly return that is required to be filed by the deductors who are required to deduct TDS under GST. Such a return consists of the details regarding:

  • tax deducted at source,
  • the liability towards TDS,
  • TDS Refund claimed if any
  • Interest, late fees etc. paid or payable

GSTR-7 provides details with regards to the TDS deducted, TDS payable etc. by the deductor for a particular month. This information is made available to the deductees (suppliers) in Part C of Form GSTR-2A electronically via the common portal. Further, this information can be included by the deductee in Form GSTR-2. The TDS deducted by the deductor gets reflected in Form GSTR-2 of the supplier. Further, the supplier can take the credit of this TDS amount in his electronic cash ledger. Thus, he can utilize this credit to make payment for his output tax or any other liability.

The deductor deducts TDS at the time of crediting the payment to the supplier or the deductee. Further, he files return in Form GSTR-7 and pays the deducted tax to the government within 10 days succeeding the month in which the deduction is made.

Due Date For Filing GSTR-7

GSTR-7 is required to be filed by the deductor within 10 days after the end of the month in which the deduction was made. For example, the due date for filing GSTR-7 for the month of June 2018 would be 10th July, 2018.

Penalty For Not Filing GSTR-7

The deductor is liable to pay interest, penalty or fees if he does not comply with the provisions of TDS under GST. Following are the cases of non – compliance of TDS provisions by the deductor and its following consequences:

  1. The deductor fails to deduct TDS from the payment of the supplier. In such a case, the deductor is liable to pay interest not exceeding 18% along with TDS amount. Or else the amount payable is calculated and recovered according to the law.
  2. Deductor fails to issue TDS Certificate or gets delayed in issuing the same beyond the prescribed period of 5 days from filing of return. In this case, the deductor is liable to pay a late fee of Rs 200 per day (Rs 100 each for CGST and SGST), subject to a maximum of Rs 5,000.
  3. The deductor deducts TDS but fails to pay the same to the government. Or makes the payment of TDS later than 10th of the succeeding month. In this case, the deductor is liable to pay interest not exceeding 18% along with the TDS amount. Or else the amount shall be calculated and recovered according to the law.
  4. Late filing of TDS return, that is, Form GSTR-7A. In this case, the deductor is liable to pay a late fee of Rs 200 (Rs 100 each for CGST and SGST), subject to a maximum of Rs 5,000.

Contents of GSTR-7

1. GSTIN

Goods and Services Tax Identification Number (GSTIN) of the deductor deducting TDS under GST. Each person registered under GST is given state-wise, PAN based GSTIN number. This gets auto-populated at the time the deductor is filing return for GST.

2. Business Name

  • Legal name of the deductor
  • Trade name if any

This section too gets auto-populated at the time of signing in to the common GST portal. If there exists any trade name of the registered person, such a number too gets auto-populated.

3. Details of the tax deducted at source.

This section contains the details with regards to the:

  • amount of payment made to the deductee on which TDS is charged
  • GSTIN of the deductee and
  • the amount of tax deducted at source in terms of Central, State and Integrated tax.

4. Amendments to details of tax deducted at source in respect of any earlier tax period.

The deductor can make any modifications with regards to the information furnished in the returns of the previous months. This is undertaken by mentioning the original and the revised details in the table under this section. The information furnished in the table under this section includes:

  • original and revised details of the GSTIN of the deductee,
  • amount paid to the deductee on which TDS is deducted and,
  • the amount of TDS deducted

5. Tax deduction at source and paid

This section includes the details with regards to central, state and integrated tax deducted from the payment made to the deductee. Furthermore, it also includes the central, state and integrated tax paid to the government.

6. Interest, late Fee payable and paid

This section would include the details of any interest, late fee payable or paid if applicable.

7. Refund claimed from electronic cash ledger

The deductor must make a mention of the details regarding TDS refund under this section. This must be done to claim a refund for TDS from his electronic ledger. He should also provide the bank details where the TDS refund should be deposited.

8. Debit entries in electronic cash ledger for TDS/interest payment (to be populated after payment of tax and submissions of return)

This section gets auto-populated after the deductor files the TDS return and makes the payment for the same along with interest.

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