GST TDS Return Filing

Government departments, local authorities, government agencies, PSUs, and persons notified by the government are required to deduct TDS at 2% (1% CGST + 1% SGST) on payments exceeding ₹2.5 lakh to suppliers of taxable goods or services.

GSTR-7 must be filed monthly by the 10th of the month following the month in which TDS was deducted. For example, TDS deducted in January must be reported in GSTR-7 filed by February 10.

Late filing of GSTR-7 attracts a late fee of ₹100 per day (₹50 CGST + ₹50 SGST), subject to a maximum of ₹5,000. Additionally, interest at 18% per annum is payable on the TDS amount for the period of delay.

Yes, the TDS deducted and deposited by the deductor reflects in the electronic cash ledger of the deductee (supplier). The deductee can use this credit to discharge their GST liability or claim a refund.

Form 16A under GST is the TDS certificate issued by the deductor to the deductee containing details of TDS deducted, deposited, and the period. It must be issued within 15 days from the due date of filing GSTR-7.

GST TDS return filing (GSTR-7) is a monthly return that must be filed by government departments, PSUs, local authorities, and other notified persons who deduct Tax at Source (TDS) at 2% on payments exceeding ₹2.5 lakh to suppliers of taxable goods or services.

Our professional fee for GST TDS return (GSTR-7) filing is ₹799 per month. This includes preparation of the return, reconciliation of TDS deducted and deposited, filing on the GST portal, and generation of TDS certificates for deductees.

TDS under GST must be deducted by government departments, local authorities, government agencies, PSUs, and any other person notified by the government. They must deduct TDS at 1% CGST + 1% SGST (2% total) on payments exceeding ₹2.5 lakh.

Late filing of GSTR-7 attracts a late fee of ₹100 per day (₹50 CGST + ₹50 SGST), subject to a maximum of ₹5,000. Additionally, interest at 18% per annum is payable on the TDS amount for the period of delay from the due date of deduction.

Yes, GSTR-7 can be filed on the GST portal by the deductor themselves. However, professional assistance ensures accurate TDS computation, proper reconciliation, timely filing, and correct generation of Form 16A certificates for all deductees.