As the provisions relating to Tax Deduction at Source (TDS) is all set to implement from tomorrow, the Goods and Services Tax Network ( GSTN ) has enabled the facility to file TDS Return (Form 7) and the TDS Certificate (Form 7A) in the portal.

“Form GSTR-7, Return for Tax Deducted at Source, which is to be filed by the Tax Deductors and Form GSTR-7A (Tax Deduction at Source Certificate) has been made available on GST portal to the Taxpayers,” GSTN said in a statement.

Every registered taxable person who is required to deduct tax at source under GST shall furnish a return in FORM GSTR-7 by 10th of next month. TDS Return should be filed by the persons who are required to deduct TDS (Tax deducted at source) under GST. GSTR 7 contains the details of TDS deducted, TDS liability payable and paid, TDS refund claimed if any etc.

If the GST return is not filed on time, then the penalty of Rs 100 under CGST & Rs 100 under SGST shall be levied. The total will be Rs. 200/day. The maximum is Rs. 5,000 There is no late fee on IGST in case of delayed filing. Along with late fee, interest has to be paid at 18% per annum.

It is significant to note that GSTR7 once filed, cannot be revised. Any mistake made in the return can be revised in the next month’s return. It means that if a mistake is made in October GSTR 7, rectification for the same can be made in November GSTR 7 or in later months when the error or omission is identified.

GSTR 7A is the return that has to be filed by the tax deductor about tax deducted at source. Deductor is required to file the return and has to provide the detail of the amount of TDS in his return. When deductor pays the amount of TDS, it shall get reflected into the credit ledger of the deductee. GSTR 7A is arranged to use for TDS Return.

Along with this, the Offline Utility of Form GSTR-1O is now available on GST Portal. The excel based offline utility is designed to help taxpayers to prepare their Form GSTR-1O offline, it said.

Form GSTR-10 is to be filed by the registered taxable persons once registration has been canceled either on their own request or by suo-moto proceedings by the department. Refer section 45 of the CGST Act, 2017.