GSTR 6, commonly known as the goods and services tax return, is a monthly statement that enterprises that are also Input Service Distributors (ISD) must file. Organizations must include information regarding inbound supplies received/purchases made from other registered taxpayers, as well as information about input tax credits distributed among the organization’s subsidiaries while completing GSTR 6 forms.
Organizations must submit GSTR 6 because it contains information on all of the documents needed to distribute Input Tax Credits (ITC), as well as data on how credits are distributed and the tax invoices used to compute credits. As a result, even if there is no return, each ISD is required to file a GSTR 6.
Who is Required to Submit GSTR 6?
GSTR 6 must be filed by organizations that are Input Service Distributors (ISD). These companies offer goods, services, or both. They collect tax invoices for input services and provide the documentation required to distribute the state tax (SGST), credit of central tax (CGST), union territory tax (UTGST), or integrated tax (IGST) liable to be paid on some services to a supplier of taxable products or services with the same PAN as the ISD.
How To File GSTR 6
There are multiple conditions that you should learn before filing GSTR. below mentioned would be the information for that.
- You should secure a 15-digit PAN-based GSTIN and be registered as an assessee under the GST.
- Your firm must secure an overall revenue of at least Rs 20 lakhs.
- All registered Input Service Distributors (ISD) beneath the GST who do not opt for the composition scheme or have a Unique Identification Number (UIN) are qualified to file the GSTR 6 return.
- Non-resident assessees would get exempted from the same return filing.
- The grounds of your other businesses or subsidiaries all taxable purchases should be documented
- You are needed to record the specifics of the method you allocated the ITC which you obtained for your purchases including your branches via internal transactions.
How Does GSTR 6A Identify Individuals?
GSTR 6A would be the statement of inbound supplies that have been made by the system for the recipient assessee. The data provided via the producers of the input service distributor in their GSTR 1 would have been utilised to electronically build the GSTR 6A document. The GSTR 6A form is a read-only document. The form is for a certain tax period and is updated depending on the antecedent supplier’s information till the ISD taxpayer files the GSTR 6 for the same tax period.
Any changes to GSTR-6A must be submitted at the same time as GSTR-6. Because GSTR 6A is a read-only document, you are not required to file it separately.
Form GSTR-6 consists of which tables?
Form GSTR-6 consists of the below-mentioned tables-
Form GSTR-6 invoice information-
- Table 3: To insert the information of the ITC obtained for distribution.
- Table 6B: To insert the information of debit or credit notes obtained.
- Table 6A: To create modifications to data filed before returns in Table 3.
- Table 6C: To do the revisions to debit or credit notes received.
Distribution of Form GSTR-6 ITC:
- Table 4: To see the information of ITC available and qualified and ineligible ITCs distributed.
- Table 5, 8: To insert the information on the distribution of ITC for ISD invoices and ISD Credit notes.
- Table 9: To insert the information of available ITC and qualified and ineligible ITC redistributed.
GSTR-6 – Additional information-
- Table 10- Late fee- To see the information on the late fee for the return period.
Note: Post-filing the return the same tile could get accessed.
GSTR 6 Due Date For November 2024
| Period (Monthly) | Due Dates (Composition Dealers) |
|---|---|
| November 2024 | 13th December 2024 |
| October 2024 | 13th November 2024 |
| September 2024 | 13th October 2024 |
| August 2024 | 13th September 2024 |
| July 2024 | 13th August 2024 |
| June 2024 | 13th July 2024 |
| May 2024 | 13th June 2024 |
| April 2024 | 13th May 2024 |
| March 2024 | 13th April 2024 |
| February 2024 | 13th March 2024 |
| January 2024 | 13th February 2024 |
| December 2023 | 13th January 2024 |
| November 2023 | 13th December 2023 |
| October 2023 | 13th November 2023 |
| September 2023 | 13th October 2023 |
| August 2023 | 13th September 2023 |
What would be the pre-requisite for Filing Form GSTR-6?
- The recipient must be Registered as an ISD and must secure an active GSTIN.
- The recipient must secure valid login credentials (i.e., User ID and password).
- The recipient should secure a valid and non-expired/ unrevoked Digital Signature Certificate (DSC which is mandatory for companies, LLPs, and FLLPs).
- The recipient must secure an active mobile number that is shown in their enrolled information filed to the GST portal during the registration or revision time for the authentication via EVC.
- The recipient shall secure a choice to furnish Form GSTR-6 for abolished GSTIN for the duration in which the same was active.
Related: GST Late Fees and Interest Due Date for Taxpayers
Form GSTR-6 Consists of which Tables?
Form GSTR-6 consists of the below-mentioned tables-
Form GSTR-6 invoice information-
1. Table 3: To insert the information of the ITC obtained for distribution.
2. Table 6B: To insert the information of debit or credit notes obtained.
3. Table 6A: To create modifications to data filed before returns in Table 3.
4. Table 6C: To do the revisions to debit or credit notes received.
Distribution of Form GSTR-6 ITC:
5. Table 4: To see the information of ITC available and qualified and ineligible ITCs distributed.
6. Table 5, 8: To insert the information on the distribution of ITC for ISD invoices and ISD Credit notes.
7. Table 9: To insert the information of available ITC and qualified and ineligible ITC redistributed.
GSTR-6 – Additional information-
8. Table 10- Late fee- To see the information on the late fee for the return period.
Note: Post-filing the return the same tile could get accessed.
What would be the pre-requisite for filing Form GSTR-6?
- The recipient must be Registered as an ISD and must secure an active GSTIN.
- The recipient must secure valid login credentials (i.e., User ID and password).
- The recipient should secure a valid and non-expired/ unrevoked Digital Signature Certificate (DSC which is mandatory for companies, LLPs, and FLLPs).
- The recipient must secure an active mobile number that is shown in their enrolled information filed to the GST portal during the registration or revision time for the authentication via EVC.
- The recipient shall secure a choice to furnish Form GSTR-6 for abolished GSTIN for the duration in which the same was active.
What is the Method to File GSTR-6?
The information on the ITC and inward supplies would get collected in GSTR 6 format. Below is a look at every section in depth.
- GSTIN: In this, you need to mention your unique PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN).
- Assessee name: The same field must comprise the name of the enrolled assessee for your business.
- Period: (Month-year)- State the period for which you would file the GSTR 6.
- Supplies via registered taxable individual:
- Under this section, you, the ISD, are expected to disclose all purchases made from other companies (who are registered under GST), as well as the amount of input credit/tax refund that you have received this month against different tax headings (CGST, SGST, and IGST). This also covers purchases when the tax is collected in reverse charge.
- The same information shall be auto-populated when the vendors you purchase those goods or services from file their GSTR-1 or GSTR-5 (when they are comprised of foreign assessees).
- You are obligated to furnish the data of invoice level of those purchases in which the goods were being delivered in multiple lots.
- You can amend/modify the information of purchases made by you during previous tax periods by using Section 4A of the GSTR-6. If you do, you must also present both the original and updated invoices as verification.
- Components of Credit/Debit Notes-
- In this, you could show the information of all the credit notes and debit notes which you have raised for your transactions in the current month.
- You are enabled to do the revisions to all those debit or credit notes which shall be provided in the former tax durations through the use of section 5A of GSTR-6.
- Distribution of input services:
- In this, you as an input service distributor would be needed to furnish the information of all the branches that obtain the input credit including their GSTIN and the amount of ISD credit distributed beneath distinct elements of the GST (IGST, CGST, and SGST).
- You can amend the credit amount distributed in the former tax durations through the use of section 6A of GSTR-6. If you change this data for a certain tax period, you must provide both the original and changed versions of the transactions as proof.
- ISD Ledger: This part contains a record of all transactions that occurred between a company’s headquarters and its branches to distribute the ITC received by the headquarters among all of its branches. This ledger keeps track of the Input Tax Credit received, Reverted Input Tax Credit, and Distributed Input Tax Credit, and this information is grouped under the three GST components: SGST, CGST, and IGST.
After filling all sections of the GSTR-6, you must declare the document’s accuracy and electronically sign it.
GSTR 6 Late Fees & Penalty
If you do not file the return by the deadline, you must pay a fee of Rs 50 per day. When a NIL return is filed, however, no reduction allowance is allowed.
