Deepak Gupta | Sep 28, 2018 |
How to file GSTR7 TDS Return Under GST | TDS Return Under GST, How to file GSTR 7, All aboutForm GSTR-7A :System generated TDS Certificate in GST, gstr 7 form download, gstr 7 return format, gstr 7 form pdf, gstr 7 applicability, gstr 7 pdf, how to file gstr 7, gstr 7 notification, gstr 7 return format in excel
How to file GSTR7 TDS Return Under GST | TDS Return Under GST
Form GSTR-7 is a return which is required to be filed by the persons who deduct tax at the time of making/crediting payment to suppliers towards the inward supplies received. Tax deductor has a legal obligation:
1. To declare his TDS liability for a given period (monthly) in Form GSTR-7;
2. Furnish details of the TDS deducted under three major heads viz., Central tax, State/UT tax and Integrated tax in accordance with that return;
3. File correct and complete return within stipulated time frame, given the fact that the TDS credit will be available to the counter party taxpayer (supplier) upon filing of TDS return in Form GSTR-7 by the Deductor (i.e., person liable to deduct TDS); and
4. Issue TDS certificate to the deductee.
As per section 51 of the CGST Act, following persons/entities/establishments are required to deduct TDS.
i) a department or establishment of the Central Government or State Government;
ii) local authority;
iii) Governmental agencies; and
iv) such persons or category of persons as may be notified by the Government on the recommendations of the Council.
The due date for filing Form GSTR-7 is 10th day of the succeeding month.
1. Access the www.gst.gov.in URL. The GST Home page is displayed.
2. Login to the GST Portal with valid credentials.
3. Click the Services > Returns > Returns Dashboard command.
Alternatively, you can also click the Returns Dashboard link on the Dashboard.
4. The File Returns page is displayed. Select the Financial Year & Return Filing Period (Month) for which you want to file the return from the drop-down list.
5. Click the SEARCH button.
6. The File Returns page is displayed. In the GSTR-7 tile, click the PREPARE ONLINE button if you want to prepare the return by making entries on the GST Portal.
7. The GSTR-7 – Return for Tax Deducted at Source Return page is displayed.
Click the 3. Details of the tax deducted at source tile to add details of the tax deducted at source.
8.2. Click the ADD button.
8.3. In the GSTIN of Deductee field, enter the GSTIN of Deductee.
8.4. Enter the amount paid to deductee on which tax has been deducted.
8.5 (a). If deductor and deductee are having different State-code, then you need to enter the details for Integrated Tax and total tax amount should be equal to 2% of the amount shown as Total amount paid to deductee on which tax is deducted. If POS lies in the State of recipient, then no TDS as IGST shall be deducted, as the tax on the invoice will be CGST and SGST/UTGST.
8.5 (b) If deductor and deductee both are having same State-code, then GST Portal will allow entry of all the 3 taxes, IGST/CGST/SGST.
Note : If Deductor and deductee are located in SEZ, then the IGST should be levied irrespective of place of supply.
At least one tax column should be entered out of three tax columns (Integrated Tax, Central Tax and State/UT Tax) and total tax amount should be equal to 2% of the amount shown as Total amount paid to deductee on which tax is deducted.
8.6. Click the SAVE button.
8.7. You will be directed to the previous page and a message is displayed that TDS details added successfully. You need to give separate entries of TDS details for each of the deductee.
8.8. Here, you can also edit/delete the added details (under Actions column). Click the BACK TO GSTR 7 Dashboard button to go back to the Form GSTR-7 Dashboard page
8.9. You will be directed to the GSTR-7 Dashboard landing page and the 3. Details of the tax deducted at source box in Form GSTR-7 will reflect the number of TDS entries added along with total tax amount and total amount paid to Deductee.
8.1. Click the 4. Amendments to TDS Details box to amend details of the tax deducted at source in respect of any earlier tax period and also to modify TDS details rejected by deductee.
8.2. Select the Financial Year and Month from the drop-down list.
8.3. In the Please Enter GSTIN field, enter the GSTIN of the Deductee of previous tax period which needs to be amended.
8.4. Click the AMEND TDS DETAILS button.
8.5 Make amendments to the details as required. Click the SAVE button.
8.6. You will be directed to the previous page and a message is displayed that TDSA details added successfully.
Here, you can also edit/delete the amended details (under Actions column). Click the BACK TO GSTR 7 DASHBOARD button to go back to the Form GSTR-7 Dashboard page.
8.7. You will be directed to the GSTR-7 Dashboard page and the 4. Amendments to TDS Details tile in Form GSTR-7 will reflect the sum of number of TDSA entries added by the deductor on his own & modified in respect of the rejected details by deductee, along with total tax amount and total amount paid to deductee.
8.2 Select the Rejected By Deductee tab.
8.3. Click the EDIT button to edit the details.
8.4. Edit the details. Deductor can amend the GSTIN of Deductee, Revised amount paid to deductee and all tax columns. Click the SAVE button.
8.5. Once the details are edited, the status is changed to modified. Click the BACK TO GSTR 7 DASHBOARD button to go back to the Form GSTR-7 Dashboard page.
8.6.You will be directed to the GSTR-7 Dashboard page and the 4. Amendments to TDS Details tile in Form GSTR-7 will reflect the sum of number of TDS entries added & modified the details rejected by deductee, along with total tax amount and total amount paid to deductee.
9. Once you have entered all the details, click the PREVIEW button. This button will download the draft summary page of your Form GSTR-7 for your review. It is recommended that you download this Summary page and review the summary of entries made in different sections carefully. The PDF file generated would bear watermark of draft as the details are yet to be submitted.
10. The downloaded PDF is displayed.
11. Click the PROCEED TO FILE button.
12. A message is displayed on top page of the screen that ‘Proceed to file’ request has been received. Please check the status after sometime. Click the Refresh button.
13. Once the status of Form GSTR-7 is Ready to File, 5,6. Payment of Tax tile gets enabled. Click the 5,6. Payment of Tax box.
14.1. The cash balance available in the electronic cash ledger as on date are shown in below table.
14.2 (a). Scenario 1: If available cash balance in Electronic Cash Ledger is less than the amount required to offset the liabilities
i. If available cash balance in Electronic Cash Ledger is less than the amount required to offset the liabilities, available cash balance is shown to be as utilized from the Electronic Cash Ledger. You may create challan for the additional cash directly by clicking on the CREATE CHALLAN button.
ii. The Create Challan page is displayed.
Note : In the Tax Liability Details grid, the Total Challan Amount field and Total Challan Amount (In Words) fields are auto-populated with total amount of payment to be made. You cannot edit this amount.
iii. Select the Payment Modes as E-Payment/ Over the Counter/ NEFT/RTGS.
iv. Click the GENERATE CHALLAN button.
v. The Challan is generated.
Note :
In case of Net Banking : You will be directed to the Net Banking page of the selected Bank. The payment amount is shown at the Banks website.
In case of successful payment, you will be re-directed to the GST Portal where the transaction status will be displayed.
In case of Over the Counter : Take a print out of the Challan and visit the selected Bank. Pay using Cash/ Cheque/ Demand Draft within the Challans validity period. Status of the payment will be updated on the GST Portal after confirmation from the Bank.
In case of NEFT/ RTGS : Take a print out of the Challan and visit the selected Bank. Mandate form will be generated simultaneously. Pay using Cheque or through your account with the selected Bank/ Branch. You can also pay using the account debit facility. The transaction will be processed by the Bank and RBI shall confirm the same within <2 hours>. Status of the payment will be updated on the GST Portal after confirmation from the Bank.
14.2 (b). Scenario 2 : If available cash balance in Electronic cash ledger is more than the amount required to offset the liabilities
i. If available cash balance in Electronic Cash Ledger is more than the amount required to offset the liabilities, no additional cash is required for paying liability.
15. Click the PREVIEW DRAFT GSTR 7 button to view the summary page of Form GSTR-7 for your review. It is recommended that you download this Summary page and review the summary of entries made in different sections carefully before making payments.
16. The summary page of Form GSTR-7 is displayed.
E. File Form GSTR-7 with DSC/ EVC
17. Select the Declaration checkbox.
18. Select the Authorized Signatory from the drop-down list.
19. Click the FILE GSTR 7 button.
20. Click the YES button.
21. The Submit Application page is displayed. Click the SUBMIT WITH DSC or SUBMIT WITH EVC button.
SUBMIT WITH DSC :
a. Select the certificate and click the SIGN button.
SUBMIT WITH EVC :
a. Enter the OTP sent on email and mobile number of the Authorized Signatory registered at the GST Portal and click the VALIDATE OTP button.
23. The success message is displayed and ARN is displayed. Status of the GSTR-7 return changes to “Filed”. Click the BACK button.
24. Click the Debit entries in electronic cash ledger for TDS/interest payment tile.
25. The entries in Electronic Cash Ledger for tax payment is displayed. Click the BACK TO GSTR 7 TILES button.
26. Click the DOWNLOAD FILED GSTR7 button to download the filed return.
27. The PDF file generated would now bear watermark of final Form GSTR-7.
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