Online GSTR-7 Filing: Due Date, Penalty for Late Filing & How to Revise?

What is GSTR-7?

GSTR-7 is a return form filed monthly by those taxpayers who are required to deduct their TDS under GST. It shows the details of –

TDS deducted
TDS liability payable
TDS liability paid
TDS refund claimed, if any

Who are required to deduct TDS under GST?

The following entities are required to deduct TDS under GST –

Any department or establishment formed by the state or central government
Government agencies
Local authority
Persons or category of persons authorized by state or central government to deduct TDS on the recommendation of the council.
Any board, authority or any other body formed by government, parliament, state legislature with equity holding of 51% or more.
Any society (registered under society registration act, 1860) established by central government or any of the state government or local authority
Public sector undertakings

Who can file GSTR-7

GSTR-7 is filed by those registered tax payers who want to deduct taxes on inward supplies at the time of making payments to vendors/suppliers. GSTR-7 must contain the transaction details where tax is deducted at source by the deductor along with the complete details of the supplier.

GSTR 7 Filing Due Dates 2020

GSTR-7 return must be filed by the taxpayers on or before 10th of every month. The due dates for filing GSTR-7 are given below –

Month	Due dates
Dec 2019	10 Jan 2020
Jan 2020	10 Feb 2020
Feb 2020	10 Mar 2020
Mar 2020	10 Apr 2020
Apr 2020	10 May 2020
May 2020	10 Jun 2020
Jun 2020	10 Jul 2020
Jul 2020	10 Aug 2020
Aug 2020	10 Sep 2020
Sep 2020	10 Oct 2020
Oct 2020	10 Nov 2020
Nov 2020	10 Dec 2020
Dec 2020	10 Jan 2021

How to revise GSTR-7?

Once GSTR-7 return is filed, it cannot be revised but if you have done any mistake in the current period, you are having the option to rectify that mistake in the next month. For ex – If you made a mistake in September GSTR-7, you can rectify that mistake in October GSTR-7.

Penalty for Late GSTR-7 Filing

Late filing of GSTR-7 leads to heavy fines & penalties. Interest will be charged at 18% per annum and it is calculated by the tax payer on the outstanding tax amount. The late fee is Rs.200 per day i.e. Rs.100 under CGST and Rs.100 under SGST. However, the maximum penalty would be Rs.5000.