TDS under GST
GSTR 7 is a return to be filed by the taxpayers
who are required to deduct Tax deducted at source (TDS) under GST.
GSTR-7 is a return which is required to be filed by the persons who deduct tax at the time of making/crediting payment to suppliers towards the inward supplies received.
What is the due date of GSTR-7?
The filing of GSTR-7 for a month is due on the
10th of the following month. For instance, the due date of filing GSTR-7 for
October is 10th November.
Is it mandatory to file GSTR 7 every month?
It is mandatory to file the GSTR 7 form by the
10th of the preceding month. GSTR 7 form is only for the deductions of TDS and
not for regular taxpayers. It will contain the details of the tax deducted at
the source.
What is the turnover limit for GSTR 7?
GSTR 7 Late Fees and Penalty 200 per day. The
maximum limit, however, has been capped at Rs. 5,000 under CGST and
Rs. 5,000 under SGST.