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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
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