Filing GSTR 8 is a must for every e-commerce operator who is needed to accumulate TCS (taxes at source) for all the taxable supplies made through it. The tax accumulated at source by the e-commerce dealer and the complete information of such taxable supplies should be mentioned in the GSTR-8 form. One can file the return in Form GSTR-8 every month by visiting the GST portal. The filing of the GSTR-8 for a specific month should be done upon the completion of that particular month. The last day to file a GSTR-8 return is before the 10th of the following month. For example, if you are filing the return for April 2021, then you have to file it before the 10th of May 2021.
What is GSTR 8?
The Form GSTR-8 (Goods and Services Tax Return 8) is nothing but a statement or document that to be filed by e-commerce dealers every month. The form should include all the summary or information of taxable supplies made to consumers via the e-commerce portal of the registered taxpayer by taxable persons, the amount of TCS collected on such supplies, basic information of customers (both registered and unregistered taxpayers), tax paid, and tax payable.
Who is Eligible to File GSTR 8?
The e-commerce dealer who is registered under GST should file GSTR-8. As per GST laws, the e-commerce dealer is referred to as any individual who manages or owns an electronic or digital platform for electronic commerce like Amazon, Flipkart, and so on. All such operators of e-commerce must get registered for TCS (Tax Collection at Source) and under GST as well.
When is GSTR-8 Due Date?
The due date of filing a GSTR-8 return for a particular month is on the 10th of the next month as mentioned above. For example, the due date for GSTR-8 for November is on the 10th of December.
GSTR 8 Late fees & Penalty
For late filing of GSTR-8, both penalty and interest would be required to pay for registered taxpayers.
The registered taxpayer would need to pay a penalty of Rs. 100 under SGST and Rs.100 under CGST. It simply means that a total of Rs.200 per day would be charged to the taxpayer. The maximum amount calculated that to be charged is Rs. 5000.
The interest that the taxpayer would need to pay is 18% per annum. The interest is calculated based on the tax to be paid by the taxpayer. From the next day of the due date to the date of actual payment, the interest will be applied
Pre-requisites for Filing GSTR 8
To file the GSTR-8, you need to fulfill certain pre-conditions which are as follows:
- The aggregate turnover of your business must be more than Rs. 20 lakhs (Rs. 10 lakhs in NE India).
- You must be a taxpayer who has been registered under the GST with a 15 digit PAN-based GSTIN.
- You must be an operator of e-commerce with an online marketplace where other companies or traders sell goods to consumers.
- You need to keep a record of the information of all the tax collected at source by you for the supplies that are undertaken via your online marketplace.
- The return GSTR-8 is applied to every registered taxpayer under the GST who does not have a Unique Identification Number (UIN) or opted for the composition scheme. This return is not applied to non-resident taxpayers.
Latest updates on GSTR-8 Filing
3rd April 2020
CBIC has claimed that the due date to provide GSTR-8 for March 2020, April 2020, and May 2020 will be extended till 30th June 2020.
1st May 2021
The due date to provide GSTR-8 for April 2021 has been taken up to 31st May 2021.
28th May 2021
The due date for filing GSTR-8 for April and May 2021 is postponed to 30th June 2021.
How to File GSTR 8 on the GST Portal?
To file the GSTR-8 form on the GST Portal, certain details should be filled across 9 tables which are given below:
- Legal Name of the Registered Taxpayer: The registered person’ will be auto-filled while logging into the GST Portal.
- GSTIN: In case, if you do not have a GSTIN, you can also use a provisional ID.
- Information of supplies made by e-commerce operator: You have to furnish the gross value of supplies made and returned by registered as well as unregistered persons. The net amount provided from the difference between the supplies made and returned will be liable for TCS.
- Details of Interest: The interest would be applied if the amount of TCS is not paid within the timeframe by the e-commerce operator and therefore, the details of interest would require to be furnished.
- Amendments to a summary of supplies in regards to any earlier statements: Under this section, one can make any correction to the details provided in the return of previous months.
- Refund from Electronic Cash Ledger: It is possible to claim a refund from an electronic cash ledger only when all the taxes collected at source (TCS) liability for that particular tax duration has been released. The details of such an amount should be furnished here.
- Interest Paid and Payable: For late GST payment, the interest rate is 18% which is calculated on the outstanding tax amount.
- Tax Paid and Payable: The details of the total amount of tax payable under CGST, SGST, and IGST and has been paid to date will be accounted for under this section.
- Debit Entries in Cash Ledger for Interest payment/TCS: The amount of TCS accumulated will be furnished to Form GSTR-2A of the registered taxpayer once it is done with GSTR-8 filing.
You can also file GSTR-8 offline using the free GSTR 8 Offline Tool available on the GST Portal. One must fill out the details offline using Windows 7 or higher and then upload the file on or before the due date in JSON format.
Wondering how to access the GST portal, you can simply download myBillBook and enter the GST details of your business. You can quickly access the GST portal to complete your GSTR8 formalities every month.
FAQs related to GSTR 8
1. How Can I Use the GSTR 8 Offline Utility in My System by Downloading the Form?
Follow the below-given steps to download and use the GSTR-8 Offline Utility in your system from the portal of GST:
- Visit www.gst.gov.in.
- Click Downloads>Offline Tools>option of GSTR8 Offline Utility
- Unzip the downloaded Zip file of GSTR8_Offline_Utility.xls
- Double click the GSTR8_Offline_Utility.xls excel sheet to open it
- Carefully read the instructions on the excel sheet written as ‘Read Me’ and then fill in the sheet accordingly.
2. Can I file full Form GSTR-8 with the use of Offline Utility?
It is not possible as GSTR-8 filing can only be done through the GST Portal online. Offline Utility only allows you to prepare details of Table 3 and Table 4 of Form GSTR-8. However, after uploading the prepared data on the GST Portal, you must file a GSTR-8 return on the portal using your login credentials.
3. Why I cannot amend Tax Collected at Source (TCS) details in Table 4 of Form GSTR-8?
If the TCS details have already been amended once and accepted by the counterparty, you cannot make an amendment of TCS details in Table 4 of Form GSTR-8.
4. Can the due date of filing Form GSTR-8 be postponed?
Of course, the due date of filing of Form GSTR-8 can be postponed by the Government via notification.
5. Would I be able to preview Form GSTR-8 before filing it?
Before filing Form GSTR-8 return on the GST Portal, you can download or view the preview of the form by clicking the option of ‘PREVIEW DRAFT GSTR 8’.