What is Form GSTR-8 under GST?

Last Update Date : August 13, 2018

how to file the form gstr-8

The Goods and Services Tax Return 8 is a monthly return to be filed by e-commerce operators registered under GST who are required to collect tax at source. Details of supplies that take place via an e-commerce operator, amount of TCS collected and GSTIN must be specified in GSTR-8. This guide by H&R Block India will help you understand everything you need to know about the Form GSTR-8.

What is TCS or Tax Collected at source?

Where a seller on behalf of the government collects and remits tax from a buyer, it is called tax collected at source. This mechanism is similar to Tax deducted at source (TDS). It is mandatory under the GST regime for an e-commerce operator to collect and remit tax on those transactions which take place through its portal. For example: If Ram sells clothes worth INR 50,000 through Flipkart, Flipkart must collect tax at source on that amount and remit It to the Government.

Who is an e-Commerce Operator?

E-commerce operator means any person who owns, operates or manages the digital or electronic facility or platform for electronic commerce.

When is TCS applicable under GST?

TCS is applicable only to e-commerce operators in the GST regime. E-commerce operators like Jabong, Flipkart, Ebay, Amazon supply both goods and services on which they have to collect tax at the rate of 1% on the net value of taxable supplies. Hence an e-commerce operator must register for TCS and file monthly returns (GSTR 8).

How to Calculate Net Value of Supply?

Net Value Of supplies is aggregate value of the taxable supplies other than that specifically notified by the government under section 9(5). Also, the aggregate value of goods or services returned to the supplier shall be reduced to arrive at the “Net value of supplies”.

Purpose of the Form GSTR-8

The main intention of filing GSTR 8 is to maintain a detailed record of the transactions undertaken through an e-commerce platform. This ensures a smooth flow of input tax credit that can be availed by the supplier. They can see the auto-populated TCS details which are reported by the e-commerce operator in GSTR-8 in Part C of GSTR-2A.

Note: Government has put the TCS provisions on hold up to 30th June 2018. TCS shall be applicable from 1st July 2018 onwards.

Who can file Form GSTR-8?

It is mandatory for an e-commerce operator to obtain a GST registration and a TCS registration as well. The e-commerce operators file GSTR-8. The responsibility for collection and remittance of the TCS to the government is wholly on the e-commerce operator.

Prerequisites

A few prerequisites to filing GSTR 8 must be kept in mind:

  • The person filing GSTR-8 must be an e-commerce operator
  • E-commerce operator must be a registered taxpayer under the GST regime i.e he must have a 15digit PAN based GST Identification Number (GSTIN)
  • e-Commerce operators need to get themselves registered irrespective of the threshold limit. So, this statement is not in accordance with the provisions of the law.
  • Not opted for Composition scheme nor have a Unique Identification Number (UIN)
  • Not a non-resident tax payer

When to file Form GSTR-8?

The last day for filing this return is before the 10th of the subsequent month. (e.g., If you are filing the GSTR-8 for April 2018 then, you have to file it before the 10th of May 2018.)

What Details are Included in Form GSTR-8?

GSTR-8 contain the details pertaining to:

  • supplies, by both registered taxable persons and unregistered persons, made to customers through the taxpayer’s e-commerce portal,
  • amount of tax collected at source,
  • amount of tax payable, and
  • amount of tax paid

Proforma of Form GSTR-8

Here you can see the complete format of the Form GSTR-8.

Headings that Appear under GSTR-8 and their Significance

# Headings Details to be furnished
1 GSTIN (Goods and Services Taxpayer Identification Number ) 15 digit state-wise PAN number which will be auto-populated at the time of filing a return.
2 Name of the person liable to Collect the tax Will be auto-populated when a taxpayer will login to the common GST portal
3 Return Period Period/month or year of tax to which the Return pertains (for which GSTR-8 is being filed); to be selected from drop-down menu
4 Supplies made to registered taxable persons Here, transactions of the supplies made to registered taxable person by the e-commerce marketplace merchant through the e-commerce operator are furnished. Details include:
· GSTIN of the supplier· Gross value of supplies
5 Amendments to supplies made to registered and unregistered taxable persons Any amendments in the above-mentioned supplies’ details (invoice/contract/payment) will be furnished under this head. Respective changes in amounts of IGST, SGST, and CGST taxes are also mentioned here.
6 Supplies made to unregistered taxable persons Here, transactions of the supplies made to unregistered taxable person by the e-commerce marketplace merchant through the e-commerce operator are furnished.
7 Amendments to supplies made to unregistered taxable persons Any amendments in the above mentioned supplies’ details through e-commerce operator will be furnished under this head.
8 Details of tax collected at source (TCS) The entire details pertaining to TCS are furnished here along with suppliers’ details.
9 Liability – payable and paid Under this head, based on the above-mentioned details, the following amounts of the available tax credit and tax liability get auto-computed. Details appear here are:
· Tax collected at source Payable(TCS)· Interest on delayed payment of TCS·         Fees for late filing of GSTR

Upon filling up all the sections of the GSTR-8, a taxpayer is required to declare the authenticity of the document and sign it electronically. Either this can be verified using a DSC or an Aadhaar based verification system.

How to Revise GSTR-8?

One of the most frequently asked questions is if any mistake is made while filing GSTR 8, can the registered taxpayer revise the return already filed. The answer to this query is no, once GSTR 8 is filed no revision facility is available currently. However, rectification can be made while filing GSTR 8 of the succeeding month or any succeeding month in which the error or omission is rectified.

Consequences of Delay in Filing GSTR 8

Delay in the filing of GSTR 8 attracts penalty and interest under the provisions of the CGST Act 2017.

Penalty

A penalty of INR 200 per day (INR 100 CGST and INR 100 SGST) in case of delay in filing of the return. However, this penalty has been restricted up to a maximum of INR 5,000. There is no penalty levied on IGST in case of delayed filing.

Interest

Interest is also chargeable on the delay of filing the return along with the late fees. Interest at the rate of 18% per annum is calculated on the tax to be paid from the date when GSTR 8 should have been filed up to the date of filing the return.

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