Hello, welcome to this post on GSTR-7. We would like to indulge you with some information regarding what is GSTR-7.

We will cover the following topics for you:

What is GSTR-7?

GSTR-7 is a monthly return form filed by all taxable persons who are required to deduct TDS (Tax Deducted at Source)under GST ie, the deductor needs to file this GSTR-7.

GSTR 7 should incorporate the following details:

  • Deducted TDS
  • TDS liability payable / paid
  • TDS refund claimed if any
  • Interest, late fees etc payable / paid.

The deductor deducts TDS  at the time of crediting the payment to the supplier/ the deductee. These details are displayed in the supplier’s Form GSTR-2.

The deductor files a return in Form GSTR-7 and pays the tax to the government within 10 days after the month when he had made the deduction. While the deductee includes the tax credit into his electronic cash ledger. Thus he can use it to make payments for output tax or other liability using this tax credit.

GSTR-7 provides details like TDS deducted, TDS payable etc for a specific month. So, by Part C of Form GSTR-2A, these pieces of information are accessible to the deductees/ suppliers electronically via the portal.

Who will file GSTR-7?

As per the GST law, the following need to deduct TDS and file GSTR-7.

  • A department / an establishment of the Central or the State government.
  • Local Authorities.
  • Government agencies.
  • Persons or category of persons as may be notified on the recommendations of the GST Council.
  • An authority or a Board or any other body which has been set up by the Parliament or a State Legislature or by a Government, with 51% equity, owned by the Government.
  • A society established by the Central or any State government or a Local Authority which is registered under the Societies Registration Act.
  • Public Sector Undertakings.

GSTR 7 Due date

GSTR-7 is due on every 10th of the following month. However, as per the 22nd GST council meeting on 6th October 2017, the government can either extend or change the due date by an official notification.

GSTR 7 late fees and penalty

Non-furnishing of GST returns on time before the due date will lead to a penalty of Rs 100 under CGST and Rs 100 under SGST. So the total will be Rs.200 per day. The maximum penalty levied will be Rs. 5000. There is no late fee in case of delayed filing on IGST.

Along with the late fee, interest has to be paid at 18% per annum. The rate of interest will be calculated from the next day of the due date of filing to the date of payment.

GSTR 7 format

The following details are included in the Form GSTR-7:

  • GSTIN
  • Name of the Deductor
  • Return Period
  • TDS Details
  • Liability Payable and Paid
  • Refund Claimed

Download the GSTR-7 form here.

With that, we have come to an end of this post on GSTR-7. Share your views and opinions in the comments section below.

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2 thoughts on “GSTR-7 – Meaning, Eligibility, Due date and Format

  1. We are a deductee of TDS deducted under GST. So, How we should account it in Tally and In GST return also.

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