What is the Gstr 6?
The GSTR-6 form is a monthly return form required to be furnished by an input service distributor at the GST Portal. It contains the details of ITC received by an ISD and also contains all the documents issued for distribution of ITC and the manner of distribution of such credit against all the relevant tax invoices.19-Nov-2019
Input Service Distributor
What is the due date for filing Gstr 6?
When is GSTR 6 due? The due date for filing of GSTR 6 as per GST Act is 13th of next month. Late fees have been reduced to Rs. 50 per day.07-Jun-2021
Ans: Only those persons who are registered as Input Service Distributor (ISD) need to file Form GSTR-6. It is a mandatory return, to be filed on monthly basis. A 'Nil' return must be filed in case of no ITC being available for distribution or no ITC is being distributed during the month.19-Oct-2020
How do you get a Gstr 6?
A. Login and Navigate to Form GSTR-6 page
GSTR 7 is a return that has to be filed by taxpayers who wish to deduct their TDS from GST returns.27-Aug-2021
Who can file Gstr 8?
Every e-commerce operator registered
Form GSTR-4 (Annual Return) is a yearly return to be filed once, for each financial year, by the taxpayers who have opted for composition scheme during the financial year, or were in Composition scheme for any period during the said financial year, from 1st April, 2019 onwards.
Is Gstr 10 mandatory?
Is it mandatory to file Form GSTR-10? Yes, it is mandatory to file Form GSTR-10 in cases when GST registration is cancelled or surrendered.
Who is an Input service distributor (ISD) under GST? An Input Service Distributor (ISD) is a taxpayer that receives invoices for services used by its branches. It distributes the tax paid known as the Input Tax Credit (ITC), to such branches on a proportional basis by issuing ISD invoices.12-Jan-2022
What is Gstr 2B in GST?
GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by his suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor).
Types of GST Returns and Due Dates
Is there penalty for nil return GST?
In case of nil GSTR-1 and GSTR-3B filing, the maximum late fee charged shall be capped at Rs. 500 per return (i.e Rs. 250 each for CGST & SGST).For GST annual returns (GSTR-9)
So if there is a delay in filing NIL returns, a late fee is applicable on per day basis. According to the CGST Act, INR 50 is charged per day and according to SGST INR 50 is charged per day. So, in all a late fee of INR 100 is charged per day till the date of fee payment for late filing NIL returns.09-Nov-2021
What happens if nil GST return not filed?
Introduction to Nil Return in GST If NIL return is not filed, a penalty of Rs. 200 per day is applicable until the filing is complete. Hence, all taxpayer having GST registration must submit NIL GST return before the deadline.20-Nov-2019
What is Form GSTR-7A? Form GSTR-7A is a system generated TDS Certificate which is generated once deductor furnishes a return in Form GSTR-7 on the GST Portal and the deductee accepts the details uploaded by deductor and files his return. This TDS Certificate will be available for both Deductor and Deductee.
What is Gstr 3B?
What is GSTR-3B? GSTR-3B is a monthly self-declaration to be filed by a registered GST dealer along with GSTR 1 and GSTR 2 return forms. It is a simplified return to declare summary GST liabilities for a tax period. IMPORTANT: You have to file GSTR-3B even when there has been no business activity (nil return).26-Apr-2021
GSTR 2A is a purchase-related dynamic tax return that is automatically generated for each business by the GST portal. When a seller files his GSTR-1, the information is captured in GSTR 2A. It takes the information of goods and/or services that have been purchased in a given month from the seller's GSTR-1.23-Feb-2022
Can we file nil Gstr-7?
8. Do I need to file Form GSTR-7 even if no TDS is deducted in the tax period? It is not mandatory to file nil return, in such case.
GSTR-7 is a return filed by the individual who deducts TDS under GST. GSTR-7 contains details of the TDS deducted, TDS liability payable and paid, TDS refund claimed, etc.12-Jan-2022
What is the TDS on GST?
TDS on GST is to be deducted @ rate of 2% on payment made to supplier of taxable Goods or Services, where the total value of such supply or services under individual contract in excess of Rs 2.50 lakhs.30-Dec-2021
What is the Gstr 6?