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The Goods and Service Tax (GST) is a tax excised on goods and services manufactured, consumed or supplied in India. Residents of India need to pay it and file different returns reflecting the same. GSTR 7A is one of them that gives details of TDS deductions of a taxable individual.
This article discusses all the crucial aspects like the meaning of GSTR 7A and how to view it online through the GST Portal. Let's look at all these facts regarding this return form.
GSTR 7A is a system-generated GST form or TDS certificate that is generated once a deductor files a return GSTR-7 on GST Portal and a deductee agrees to these details and files a return too.
Thus, details given in this form get auto-loaded while the deductor furnishes information at the time of filing. This form should contain the entire details of a TDS (Tax Deducted at Source) deducted by the provider of goods or services.
Note: GSTR 7A is a certificate that is not required to file, as taxpayers can only view it after their GSTR 7 is already filed.
To be eligible to file a GSTR-7, there are some prerequisites that one must fulfil for generating a TDS certificate. These preconditions are as follows:
It is essential to match all these eligibility criteria to get a tax deduction under the GST Act. Now, let's look at the due dates for filing GSTR 7A.
The supplier or deductor of goods and services who is generating a TDS deduction is required to view a Form GSTR 7A or TDS Certificate.
While furnishing a return for a GST-7A return form, individuals need to follow some steps. These steps are given below to successfully navigate and download a TDS certificate. The steps are as follows:
The steps to view GST-7A return for a deductor are as follows:
Step 1: Visit the official GST portal and log in.
Step 2: Provide proper login credentials such as username and password.
Step 3: Open 'Services' and click on 'User Services' to proceed.
Step 4: Then select ‘View / Download Certificates’ to view your TDS certificate.
Step 5: Upon selecting ‘View / Download Certificates’, options for downloading ‘TDS Certificates’ will be shown.
Step 6: Click on ‘TDS Certificates’ to open it.
Step 7: Now choose ‘Financial Year’ and ‘Return Filing Period’ from their drop-down lists.
Step 8: Provide the GSTIN of the deductee in the given space of ‘GSTIN of Deductee’ to specify that particular supply of goods and services.
Step 9: After entering all the details of a deductee, hit on ‘Search’.
Step 10: Once these search results are displayed on your screen, click on the ‘Download’ icon to download a TDS certificate in PDF format.
The steps to view GSTR 7A for a deductee are as follows:
Step 1: Navigate to the official GST portal and log in.
Step 2: Enter accurate login credentials to proceed further, such as username and password.
Step 3: Select ‘Services’ and open ‘User Services’ to view a form.
Step 4: Press 'View/ Download Certificates' and the page will appear on the screen.
Step 5: Select the ‘TDS Certificate’ link to download it.
Step 6: Now select ‘Financial Year’ and ‘Return Filing Period’ correctly from its given drop-down lists.
Step 7: Provide accurate GSTIN of deductee in the given field for ‘GSTIN of Deductee’.
Step 8: After filling in all the details properly, click on 'Search'.
Step 9: Once this search results loads, select ‘Download' to download your TDS certificate in PDF form.
Following these steps individuals can easily access their TDS Certificate online from the GST official site. Now, understand which details are compulsory to have in Form GSTR 7A.
Generally, a GSTR 7 contains a total of 8 major components in a return form. These sections are as follows:
Since taxpayers have to file GSTR-7 to view GSTR 7A, find out important details one needs to know on GSTR-7.
As per section 51 of the CGST Act, persons or establishments who need to deduct TDS certificates are:
Moreover, there are some other entities required to deduct TDS according to the Notification No. 33/2017 of Central Tax, 15th September 2017. These entities are listed as follows:
However, these taxable entities need to deduct TDS (Tax Deducted at Source) for any payment that exceeds a transaction amount of ₹ 2.5 Lakhs made to a taxable supply of goods and services. Now, let’s look at the criteria for filing Form GSTR-7 successfully which in turn will allow individuals to view GSTR 7A.
A deductor has to file a GSTR-7 return form on a monthly basis. The last date for filing a GSTR-7 return form is before the 10th of the next month. For example, one needs to file a GSTR-7 for the month of December 2022 within the 10th of January 2023.
However, the government sometimes offers an extension for filing a GSTR-7 for some specific months. Therefore, a taxable person must always keep an eye on the due dates of filing this return so that there are no penalties applicable.
Following are a few important points to know about GSTR-7:
The GST Council has conducted strict deadlines for filing a late tax return or missing out on the due dates for tax payment to run the system efficiently.
According to the Act of GST, one needs to pay a penalty of ₹ 100 on CGST and ₹ 100 under SGCT, thus adding up to a total of ₹ 200 in a single day. However, this amount cannot exceed the limit of ₹ 5000. Also, there is no late fee charge applicable on IGST. Along with this late payment, add 18% interest per annum on the payable tax amount. The interest will be applicable from the due date of filing GSTR-7.
Example
Let’s assume a taxable amount applicable is ₹ 1000 needs to be filed. If the taxpayer fails to file it within the due date then he or she has to bear an extra interest of (1,000*18/100*1/365) ₹ 0.49 per day. If one misses it out for more than one day then it will be a multiple of 4.93 rupees.
As previously stated, a deductor needs to deduct tax only when the total value of supply crosses the value of ₹ 2.5 Lakhs. There are some charges applicable when these supplies surpass the amount and become eligible for a tax deduction. These charges are as follows:
This is all the information taxpayers must know to make the process of viewing GSTR 7A easy. Understanding all these aspects and processes of filing GSTR-7 is crucial for businesses and individuals to get the TDS certificate on time to claim returns.
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