Attention GST Taxpayers! File GSTR-7 return for December before January 10. details here

CBIC has also mentioned this for GST taxpayers who are required to deduct Tax at Source (TDS) under GST! Late filing of GSTR-7 return will attract late fee and interest.

CBIC tweeted, “Attention GST Taxpayers who are required to deduct Tax at Source (TDS) under GST! The due date for filing your GSTR-7 Return for the month of December, 2021 is January 10, 2022.”

What is GSTR-7

GSTR-7 is a return filed by a person who deducts TDS under GST. GSTR-7 contains details of TDS deducted, TDS due and paid, TDS refund claim, etc.

Who can deduct TDS under GST?

As per the GST law, the following individuals/entities can deduct TDS:

A department or establishment of the Central or State Government

– a local authority

– government agencies

– Persons or categories of persons as may be notified by the Central or State Government on the recommendations of the Council

As per Notification No. 33/2017 – Central Tax, 15 September 2017, the following entities can also deduct TDS:

– An authority, a board, or any other body established by the Government of Parliament, a State Legislature, or a Government owned 51% equity (control) by the Government

– A society established by the Central or a State Government or a local authority and a society registered under the Societies Registration Act, 1860

– Public Sector Undertakings

The above deductors will have to deduct TDS where the aggregate value of supply under the contract exceeds Rs 2.5 lakh. The rate of TDS is 2% (CGST 1% + SGST 1%) in case of interstate supplies and 2% (IGST) in case of interstate supplies.

However, TDS will not be deducted if the location of the supplier and the place of supply is different from the place of registration (State) of the recipient.