In this article you will find the meaning, applicability and details of GSTR 8 return.
What is GSTR 8 return?
GSTR 8 return is filed by an e commerce operator, who collects TCS (Tax collected at Source) from a person who uses his platform to sale his goods/services.
For Example: Mr. A register himself in www.amazon.in and sale laptop through amazon. Any sale made on amazon, the amount is received by amazon and later paid to Mr. A at the end of month. Amazon will deduct his commission and also collect TCS from the Mr. A. Rest amount will be paid to Mr. A Then amazon needs to file GSTR 8 showing all supplied made through his platform.
Who is liable to file GSTR 8?
An e-commerce operators pays the consideration collected from the customers to the vendors/suppliers of goods & services, then they have to deduct an amount as TCS( which is deposited to the government and) pays the rest of the amount. Hence every E-commerce operator is required to file GSTR-8.
Is GSTR 8 mandatory to file by E-commerce operator?
All e-commerce operators have to compulsorily register themselves under GST act without a threshold limit exemption, the suppliers of goods/services through the portal of e-commerce operators should also get registered under GST.
REG-07 is the form for registration as a TCS collector.
Registration certificate will be issued in REG-06.
An e-commerce operator must be registered under GST in every Indian state it supplies goods or services.
There are exceptions for registration:-
- Those Taxpayers supplying goods & services notified under section 9 (5) of CGST Act.
(Section 9 (5) of the act states the following supplies – Transporting of passengers by a radio-taxi ,motor cab and motorcycle OR providing accommodation in hotels, guest houses, or any lodging purposes (unregistered suppliers) OR services of any house-keeping, such as plumber, carpenter, cleaner etc( unregistered suppliers).
Hence, suppliers should not register them self if they supply goods & services listed in 9 (5), if they don’t cross the Rs 20,00,000 limit for registration.
- Any Supplier of services on e-commerce portal are prevented from registration provided that their aggregate turnover is within Rs 20,00,000 (provided that they do not make other than intra – state supplies).
Due date of GSTR 8 return
GSTR -8 falls due within 10 days of the succeeding month i.e. to be filed within 10th of the next month.
If filed late then late fee will be applicable.
Late fees of GSTR 8 return
Late fine of Rs. 100 per day per act is levied if the form GSTR-8 is not filed within due date.
This means that 100 will be levied under CGST act & another Rs. 100 will be levied under SGST act which comes upto Rs.200 per day subject to maximum of Rs. 5,000.
Revision of GSTR-8 Form
Gstr-8 cannot be revised if the form is filed, but the amendments to it can be made in next month’s return.
Details of Form GSTR-8
GSTN & Legal name of the taxpayer – GSTN & Legal name of the taxpayer will be auto-populated in the GST portal (www.gst.gov.in) once logged in with correct credentials.
Supplies made through portal– In this section give the details of value of supplies to registered person & unregistered person in respect to
Gross value of supplies
Value of supplies returned,
Net amount on which TCS is to paid is calculated as
Gross value of supplies XXXXXX
Less :Value of supplies returned, XXXXXX
Net amount liable for TCS deduction XXXXXXX
Amendment to previous return –Any amendment to be made in respect to data given in previous return can be rectified in this section.
.Interest payable – If the payment of TCS collected is not paid within due date then interest is levied on such outstanding amount to be paid, fill up the interest amount under various head
Tax payable & paid – This section will show the amount of tax liability to be paid & amount of tax already paid.
Interest payable & paid–If GST amount is not paid on time then interest is levied @ 18% from the due date till the date of actual payment of the net outstanding amount.
Refund from ECL (Electronic credit ledger) – If refund of your TCS deducted is to be claimed then enter the details of TCS deducted under various head in this part along with the bank details in which refund should be credited.
After these Section declaration is to be sign by an EVC/DSC to authenticate, and then file the GSTR-8 Return.
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