GSTR 7 form filing is done for tax deducted at source and is to be filed by 10th of next month for a particular tax period, by all the eligible taxpayers who deduct tax at source. Any registered taxpayer who levies the tax at source under section 37 of the GST Act will have to file a TDS return in Form GSTR-7 at the GST Portal.
GSTR 7 Form Features
- TDS is required to be deducted by certain registered taxpayers while making payments to the supplier. It will be deposited to the government. No TDS will be deducted when the supplier location and place of supply is different from the registration place (State) of the recipient.
- One should note that the form is to be filed monthly by 10th of the month for an immediately preceding tax period. The GSTR 7 form is to be filed only by specific taxpayers, and not by all registered taxpayers as it will contain the details of the tax deducted at source.
- One significant aspect to notice is that any return cannot be filed in case one haven’t paid the previous tax liability in full. All the details of GSTR 7 will be available to his/her respective suppliers in Part C of the GSTR-2A Form.
- A TDS certificate will be given to the deductee (from whom tax is deducted) and all the tax amount must be in Indian Rupees.
Current Updates on GSTR 7 Revised Due Dates
- The government has notified the revised GST due date for filing GSTR 7 form, mentioning the 12th April 2019 for the time period of March 2019. Read Notification
