The Goods and Services Tax Return 7 is a return to be filed for TDS. Tax Deduction certificate shall be made available electronically by the deductor to the deductee on the Common Portal in FORM GSTR-7A on the basis of GSTR-7.
GSTR-7 is filed by the registered taxpayers who deduct tax while making payments to vendors/suppliers towards the inward supplies received.
GSTR-7 must contain the details of those transactions where tax was deducted by the deductor at source along with the complete details of his/her suppliers.
The GSTR-7 for a particular month can be filed upon the completion of that month. The last day for filing this return is before the 10th of the subsequent month. (E.g.: If you are filing the GSTR-7 for April 2018 then, you have to file it before the 10th of May 2018.)
GSTR-7 contain the details of TDS deducted by the person liable to deduct the tax.
You can view and download the form here.
Most of the headings under this return are auto-populated from the details of the suppliers furnished in Part C of FORM GSTR-2A on the Common Portal after the due date of filing of FORM GSTR-7.
|#||Headings||Details to be furnished|
|1.||GSTIN (Goods and Services Taxpayer Identification Number )||15 digit state-wise PAN number|
|2.||Legal name of the deductor and Trade Name if any||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-7 is being filed); to be selected from drop-down menu|
|4.||Details of TDS||Deductee needs to furnish the details of :
|5.||Amendments to details of TDS in respect of earlier tax period||Any amendments in respect of earlier tax period will be furnished under this head. Based on this amendment, TDS certificate (GSTR-7A) will get revised.|
|6.||Liability – payable and paid||Under this head, the amount of TDS will get auto-populated based on the above mentioned details. Details appear here are:
|7.||Refund claimed||If any amount has been credited as refund received in the bank account, that amount will get auto-populated here from electronic cash ledger.|
Upon filling up all the sections of the GSTR-7, a tax deductor is required to declare the authenticity of the document and sign it electronically.