What is GSTR 8 Form For E-commerce Portals?
GSTR 8 form is TCS deduction form for the e-commerce companies registered under the GST regime. Every month, E-commerce operators must file GSTR-8. The detailing of who should be called E-commerce operators is defined under section 43(d).
Every month, the e-commerce companies file the GSTR-8 return form. Compulsorily, e-commerce companies must be registered under GST reign and must get the registration under tax collection source (TCS).
Supplies made by E-commerce platform to the unregistered customer, registered customer, tax payable and tax paid are included in this. The form is filed by E-commerce which gives detail about how much money of tax is collected at source from sellers.
E-commerce Operator Under GST Regime
As per the section 43B(d) of the Model GST Law, E-commerce is defined as the platform for different customer and vendors to supply and receive the goods and services on the online market. E-commerce operator is necessary to be registered under GST, to file GSTR-8 online via a common portal.
Important features of GSTR-8 Return Form
- Every registered E-commerce operator must file GSTR-8.
- Compulsorily, every E-commerce operator must file GSTR-8 on or before 10th of the coming month of a tax period.
- In part D of GSTR 2A, the details of the GSTR-8 which is filed by the E-commerce operator is present.
- GSTR-8 contains 8 headings and most of them are auto-filled.
- From the supplier of goods and services and returns to the government, E-commerce portals deduct the Tax Collection at Source (TCS).
- On all the goods and services which are sold out through the portals, 1% of TCS is paid by E-commerce operators.
GSTR-8 Eligibility and Due Dates April 2021 to May 2021
GSTR-8 can be filed by E-commerce operator after the month ends and the last date to file the details is the 10th of the next month of the tax period.
|Return Monthly||Due Date|
|April 2021 to May 2021||30th June 2021 (Extened) Read more notification|
|April 2021||31st May 2021|
|March 2021||10th April 2021|
|February 2021||10th March 2021|
|January 2021||10th February 2021|
|December 2020||10th January 2021|
|November 2020||10th December 2020|
|October 2020||10th November 2020|
|September 2020||10th October 2020|
|August 2020||10th September 2020|
|March-July 2020||31st August 2020|
|February 2020||10th March 2020|
|January 2020||10th February 2020|
Letest Update : “Issue of notice, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports, any other documents, time limit for compliance for GST due date extended from 20th March 2020 – 29th June 2020 to 30th June 2020.” Read more notification
Important Terms Related to GSTR-8
- GSTIN: Goods and Services Taxpayer Identification Number
- UIN: Unique Identification Number
- UQC: Unit Quantity Code
- HSN: Harmonised System of Nomenclature
- SAC: Services Accounting Code
- POS: Place of Supply of Goods and Services
- B2B: Business to business
- B2C: Business to Customer
Interest & Penalty on Late Payment of GST
As per the GST council rules and regulations, the individual who fails to make the payment has to pay 18 percent interest on GST tax payable starting from the due date till the tax is paid.
GST is required to be paid mandatorily on time, failing which attracts penalty as per provision: Rs 100 for CGST and Rs 100 for SGST per day (maximum Rs 5000).