Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Every taxpayer, after GST registration, who is required to deduct tax at a source under GST will furnish GSTR-7 Return. It contains the details of TDS deducted, TDS liability payable and paid, TDS refund claimed etc.
According to the GST law, the following should deduct TDS:
GSTR-7 needs to be furnished by 10th of the following month. For example- The due date for filing GSTR 7 for the month of October is 10th November.
If the GST return is not filed on time, then a penalty of 100 rupees under CGST and 100 rupees under SGST shall be levied. The maximum penalty can be of 5000 rupees.
It may be noted that GSTR-7 return filing once filed cannot be revised. In case of any mistake in the return, then it can be revised in the next month’s return. In case of any other query related to GST, contact Enterslice.
Read our article: Filing of Form GST ITC-03: All you need to know
The financial sector is changing in the current digital era. Banking is no longer limited to ju...
The Indian financial market is diversifying and fast-changing. Making the right decision for in...
If you are an Indian seeking to live in the beautiful country of Sweden, 2025 is the right time...
Social Stock Exchange (SSE) is a platform where social welfare organizations and social enterpr...
Foreign investors today hold over Rs 80 Lakh crore assets in the Indian markets. However, in re...
Are you human?: 4 + 5 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
GST is expected to be a great tax reforms in the Indian taxation system however, for a country like India where com...
02 Dec, 2020
A taxable person who is supplying goods or services from outside India and does not have a permanent business estab...
26 Oct, 2020