What is the Gstr-8?
GSTR-8 is a type of GST return that must be filed by all e-commerce operators registered under GST for collection of TCS. GSTR-8 filing will comprise of details like the amount of tax collected at source from e-commerce sellers and their GSTIN.
Every e-commerce operator registered
Is it mandatory to file nil Gstr-8?
Ans: No, it is not necessary to file Form GSTR-8 for the tax period in which there are only rejected documents in table 4 and there is no TCS liability.19-Oct-2020
Step-1: Login to GST portal. Step-2: Click on Services>>Returns>>Returns Dashboard; Step-3: Select financial year and month for which the return needs to be filed; Step-4: Click on “PREPARE ONLINE” appearing below GSTR-8 in the dialogue box.29-Jun-2021
How do I know if my Gstr 8?
Click the FILE WITH DSC or FILE WITH EVC button.
Form GSTR-9 is to be filed by a person who is registered as a normal taxpayer, including SEZ unit or SEZ developer and the taxpayers who have withdrawn from the composition scheme to normal taxpayer any time during the financial year. Note: Composition taxpayers can file Annual Return in Form GSTR-9A.
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.
GSTR 7 is a return that has to be filed by taxpayers who wish to deduct their TDS from GST returns.27-Aug-2021
What is CMP 08 in GST?
What is Form GST CMP-08? Form GST CMP-08 is used to declare the details or summary of self-assessed tax which is payable for a given quarter by taxpayers who are registered as composition taxable person or taxpayer who have opted for composition levy.
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)
Does nil return charge for GST late?
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
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 the frequency and due date for filing Gstr 8 by e-commerce?
GSTR-8 Eligibility & Due Dates e-commerce operator can file the GSTR-8 after the month completes and the last date to furnish the details is the 10th of the succeeding month of the tax period.10-Aug-2022
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 it mandatory to file Gstr 9?
All taxpayers/taxable persons registered under GST must file their GSTR 9. However, the following are NOT required to file GSTR 9: Taxpayers opting composition scheme (They must file GSTR-9A) Casual Taxable Person.13-Jun-2022
TCS MECHANISM IN GST. Page 1. Tax Collection at Source (TCS) has similarities with TDS, as well as a few distinctive features. TDS refers to the tax which is deducted when the recipient of goods or services makes some payments under a contract etc.
Who will file Gstr 6?
Input Service Distributor
Form GSTR-9A is an annual return to be filed once for each financial year by taxpayers who have opted for the composition scheme any time during the said financial year.
Who fills Gstr 9C?
Taxpayers whose aggregate turnover in a financial year exceeds Rs 2 Crores need to file GSTR-9C. The GSTR-9C must be digitally signed by the GST Auditor and must report all discrepancies or liabilities in filing any of the GST returns during the financial year.30-Jun-2022
GSTR-9C is an audit form that serves as a statement of reconciliation submitted by a registered GST taxpayer whose aggregate turnover in a given financial year does not exceed ₹2 Crores (w.e.f. FY 2020-21, filing GSTR 9C is optional for businesses with turnover less than ₹5 Crores).
What is Gstr 9C return?
The GSTR9C is an audit form that was introduced on September 13, 2018. It must be filed annually by taxpayers with a turnover above 2 crores, and it must be certified by a CA. It is basically a reconciliation statement between the annual returns filed in GSTR-9 and the taxpayer's audited annual financial statements.26-Aug-2021
What is the Gstr-8?