What is Form GSTR-7?: Form GSTR-7 is a return which is required to be submitted by the individuals who deduct tax at the time of making/ crediting payment to suppliers towards the inward products got. Tax deductor has a legal responsibility:
- To declare his TDS liability for a provided duration (month-to-month) in Form GSTR-7;-LRB- .
- Furnish details of the TDS deducted under 3 significant heads viz., Central tax, State/UT tax and Integrated tax in accordance with that return;-LRB- .
- File proper and total return within stated timespan, given the truth that the TDS credit will be offered to the counter celebration taxpayer (supplier) upon filing of TDS return in Form GSTR-7 by the Deductor (i.e., individual liable to subtract TDS); and
- Issue TDS certificate to the deductee.
2. Who needs to file Form GSTR-7?
As per section 51 of the CGST Act, following individuals/ entities/ establishments are needed to subtract TDS.
1. a department or facility of the Central Government or State Government;-LRB- .
2. regional authority;-LRB- .
3. Governmental firms; and
4. such individuals or category of individuals as may be notified by the Government on the recommendations of the Council.
3. By when do I need to file the Form GSTR-7?
The due date for filing Form GSTR-7 is 10 th day of the succeeding month.
4. From where can I as Deductor file Form GSTR-7?
Form GSTR-7 can be accessed on the GST Portal, post login in the Returns Dashboard by the taxpayer.
The course is Services > Returns > Returns Dashboard.
5. Is there any Offline Tool for submitting Form GSTR-7?
Yes. GSTR 7 return can be filed through offline mode also.
6. Can the date of filing of Form GSTR-7 be extended?
Yes, date of filing of Form GSTR-7 can be extended by Government through notification.
7. What are the pre-conditions for filing Form GSTR-7?
Pre-conditions for filing of Form GSTR-7 are:
- Tax Deductor ought to be registered as Tax Deductor and ought to have a valid/active GSTIN.
- Tax Deductor need to have valid User ID and password.
- Tax Deductor must have active & non-expired/ withdrawed digital signature (DSC) in case return is filed through DSC.
- Tax Deductor has made payment or credited the total up to the provider’s account.
8. How can I discharge my TDS liability?
TDS liability can be released through Electronic Cash Ledger only at the time of filing return.
9. Can the deductee do something about it on the TDS credit stated by me?
The deductee can accept/ reject the TDS information auto-populated to TDS and TCS Credit received table of his/her return. Acting by deductee is mandatory for crediting the quantity of TDS to money ledger.
10 When TDS quantity will be credited to deductee’s Electronic Cash Ledger?
TDS quantity will be credited to deductee’s Electronic Cash Ledger just after his/ her accepting of TDS and TCS credit received (which is automobile occupied on filing of returns by the deductor) and filing of this appropriate form.
11 What will happen if the TDS credit entry is rejected by the deductee?
TDS credit entries rejected by the deductee will be auto-populated into Table 4 of Form GSTR-7 and the relevant information will be required to be modified by the deductor in Form GSTR-7 of next tax period. Post correction of such information in Form GSTR-7, the data will automatically stream to concerned GSTIN (supplier) for accepting or rejecting it. This procedure will be repeated until TDS details are accepted by counter-party.
12 Do I need to submit Form GSTR-7 even if no TDS is deducted in the tax duration?
It is not compulsory to submit nil return, in such case.
13 What are the modes of signing Form GSTR-7?
You can submit Form GSTR-7 using DSC, or EVC.
Digital Signature Certificate (DSC)
Digital Signature Certificates ( DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. A digital certificate can be presented digitally to prove one’s identity, to access details or services on the Internet or to sign certain documents digitally. In India, DSC are provided by authorized Certifying Authorities.
The GST Portal accepts only PAN-based Class II and III DSC.
To acquire a DSC, please get in touch with any one of the authorised DSC-issuing Certifying Authorities: http://www.cca.gov.in/cca/?q=licensed_ca.html
Electronic Verification Code (EVC)
The Electronic Verification Code (EVC) validates the identity of the user at the GST Portal by creating an OTP. The OTP is sent to the cellphone number of the signed up cellphone of Authorized Signatory filled out part A of the Registration Application.
14 Can I preview the Form GSTR-7 prior to filing?
Yes, you can see the preview of Form GSTR-7 by clicking on ‘Preview Draft GSTR 7’ prior to submitting on the GST Portal.
15 What takes place after Form GSTR-7 is submitted?
After Form GSTR-7 is filed:
- ARN is produced on effective filing of the Form GSTR-7 Return.
- An SMS and an email are sent out to the candidate on his registered mobile and e-mail id.
