GSTR 6: How to file GSTR- 6 for Components of a Valid ISD Return on GST Portal. This form includes the information of return for input service supplier and it is filed by input service distributor by 13 th of the next month. Any Taxable individual signed up as an Input Service Distributor is required to furnish information of input credit dispersed in kind GSTR-6. Find out more here
Terms Used in Form GSTR 6:–LRB- .
- a. GSTIN:- Goods and Services Tax Identification Number
- b. ISD:- Input Service Distributor
- c. ITC:– Input tax Credit.
Guide on Filing GSTR 6 on GST Portal
Form and way of submission of return by an Input Service Distributor.- Every Input Service Distributor shall, on the basis of information included in FORM GSTR-6A, and where needed, after including, fixing or erasing the information, furnish digitally the return in FORM GSTR-6, containing the information of tax billings on which credit has been gotten and those released under area 20, through the typical website either straight or from a Facilitation Centre notified by the Commissioner.
Heading along with the information required for GSTR 6:
GSTIN — GST Number (GSTIN) is an unique 15 digit number which is allocated to the assessee at the time of submitting an application for registration for Goods & Service Tax. Each taxpayer will be allotted a state-wise PAN-based 15- digit Goods and Services Taxpayer Identification Number (GSTIN). Similar To PAN Card No is required for payment and filing of Income Tax Returns, likewise GSTIN is needed for payment and filing of GST Returns. The GSTIN of the taxpayer will be auto-populated at the time of return filing.
Name of the Registered Person– Name of the taxpayer, will likewise be auto-populated at the time of logging into the common GST Portal.
Period– (Month– Year)– A Taxable individual is required to pick from a drop down the pertinent month and year respectively for which GSTR-6 is being submitted.
Supplies From Registered Taxable Persons– Input Service Distributor is required to provide information of supplies received from a registered individual and the quantity of input credit to be availed under existing tax period. All inward supply associated info will be auto-populated from counter-party GSTR-1 and GSTR-5. Under this heading, the taxable individual is required to go into the amount of credit to be availed for CGST/SGST or IGST as the case may be. If the supply is gotten in more than one lot, the invoice info must be reported in the period in which the last lot is gotten and tape-recorded in the books of accounts.
Amendments to the details of inward materials– Any modification or modification in the details of inward supplies gotten in earlier tax periods must be reported under this area. Here the taxpayer is required to offer information of revised/original billings together with the CGST/SGST and IGST charged.
Details of Credit/Debit Notes — All debit/credit notes raised by the Input Service Distributor need to be reported under this heading. Needless to state, Counter-party debit note will result in Input Service Distributors’ credit note and vice versa. Differential taxable worth and differential tax will also get computed here
Amendment to Details of Credit/Debit Notes– Further in case any modification is made with respect to debit/credit notes issued in the earlier tax duration in existing month requires to be reported under this head.
Input Service Distribution– This is one of the most vital headings for input service distributor. Here an input service supplier is needed to offer information of the receiver of input credit representing his GSTIN number. Here ISD is likewise needed to specify the amount of ISD credit dispersed under IGST, CGST, and SGST respectively.
Revision of Input Service Distribution of Earlier Tax Periods— Any revision in the amount of credit dispersed in earlier tax period can be made under this heading. Here Input Service Distributor is required to send information of the original invoice and the modified invoice along with the GSTIN of the receiver of credit and modified ISD credit distributed
2. GSTR-6 can only be filed just after 10 th of the month and prior to 13 th of the month prospering the tax period.
3. ISD details will flow to Part B of GSTR-2A of the Registered Recipients Units on filing of GSTR-6.
4. ISD will not have any reverse charge materials. If ISD wishes to take reverse charge materials, then in that case ISD needs to individually sign up as Normal taxpayer.
5. ISD will have late charge and any other liability just.
6. ISD needs to distribute both qualified and ineligible ITC to its Units in the exact same tax period in which the inward materials have actually been received.
7. Disqualified ITC will be in regard of supplies made based on Section 17( 5 ).
8. Mismatch liability in between GSTR-1 and GSTR-6 will be contributed to ISD and additional ISD taxpayer needs to release ISD credit note to minimize the ITC distributed earlier to its registered recipients systems.
9. Table 7 in respect of inequality liability will be populated by the system.
10 Refund declared from money journal through Table 11 will result in a debit entry in electronic cash journal
Input Service Distribution– This is among the most vital headings for input service supplier. Here an input service distributor is required to provide information of the receiver of input credit representing his GSTIN number. Here ISD is also required to specify the amount of ISD credit distributed under IGST, CGST, and SGST respectively.
Revision of Input Service Distribution of Earlier Tax Periods– Any modification in the amount of credit dispersed in earlier tax duration can be made under this heading. Here Input Service Distributor is required to send information of the original invoice and the modified invoice along with the GSTIN of the receiver of credit and modified ISD credit distributed
ISD Ledger– This is a repository of all the credit circulation transaction between the head office and the branches. This heading holds detail of Input Tax Credit Received, Input Tax Credit went back and Input Tax Credit dispersed as SGST, CGST, and IGST.
After Furnishing all the details and flown into GSTR-6, Input Service Distributor is required to electronically sign a declaration concerning the accuracy of the information furnished under numerous heads.
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