Hello, in this post we will learn about GSTR-7. We will cover the following:

What is GSTR-7?

GSTR-7 is a monthly return form to be filed by all taxable persons who are required to deduct TDS (Tax Deducted at Source) under GST. GSTR 7 contains the details of deducted TDS, TDS liability payable / paid, TDS refund claimed if any.

Who is required to file GSTR-7?

As per the GST law below listed have to deduct TDS and thus file GSTR-7.

  • A department or 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.

Note – As per the 22nd GST council meeting on 6th October 2017, the provisions of TDS under GST have been put on hold, and will be notified later.

GSTR 7 due date

GSTR-7 is due on every 10th of the following month. However, as discussed above, TDS has been put on hold, and thus GSTR 7 filing is not required as of now.

GSTR-7 Format

You can download the GSTR-7 format here.

GSTR 7 late fees and penalty

Non-furnishing of GST returns on time within the given due date, the penalty of Rs 100 under CGST and Rs 100 under SGST shall be levied. 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.

Related: How to file GSTR-7 through Saral GST.

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