The GST return services will be done online/remotely. Our experts shall be available by Phone, Email and WhatsApp.

– GSTR-7 Due date is 10th of the following month (the government may either extend or change the date by an official notification);

– If GSTR-7 is not filed before due date, the penalty of Rs 100 per day under CGST and Rs 100 under SGST. So the total will be Rs.200 per day. The maximum penalty levied will be Rs. 5000. There is no late fee in case of delayed filing on IGST.

– Along with the late fee, interest has to be paid at 18% per annum. The rate of interest will be calculated from the next day of the due date of filing to the date of payment.

– No its is not mandatory to file nil return in such case.

– The deductee can accept/ reject the TDS details auto-populated to TDS and TCS Credit received table of his/her return. Taking action by deductee is mandatory for crediting the amount of TDS to cash ledger.

– TDS amount will be credited to deductee’s Electronic Cash Ledger only after his/ her accepting of TDS and TCS credit received (which is auto populated on filing of returns by the deductor) and filing of this relevant form.

– TDS credit entries rejected by the deductee will be auto-populated into Table 4 of Form GSTR-7 and the relevant details will be required to be amended by the deductor in Form GSTR-7 of next tax period. Post correction of such details in Form GSTR-7, the data will automatically flow to concerned GSTIN (supplier) for accepting or rejecting it. This process will be repeated until TDS details are accepted by counter-party.