GSTR 8 Form

Statement for E-Commerce Operators – GSTR 8 Form

In the previous article, we have discussed the impact of GST on e-commerce businesses. While continuing it we will see the all the return filing requirements from an
e-commerce company. Here we will discuss on the GSTR 8 Form.

GSTR-8 Form filling requirements

Under GST rule, who needs to collect tax at source (TCS) like e-commerce operator should submit a statement in GSTR 8 form on the GST Government Portal. It should contain details of affected supplies and the amount of tax collected as required under sub-section (1) of section 43C of model GST Law.

Information of Counter-Party's Return

The details of tax collected at source by an e-commerce operator under section 43C furnished in form GSTR-8 shall be made available to the concerned taxable person in Part-D of form GSTR 2A electronically through the Common Portal and such taxable person may include the same in his GSTR 2. Below we accept provided assorted active beneath which advice needs to be furnished:

GSTIN – Each aborigine will be allotted a state-wise PAN-based 15-digit Goods and Services Aborigine Identification Number (GSTIN). An architecture of proposed GSTIN has been apparent in the angel below. GSTIN of the aborigine will be auto-populated at the time of acknowledgement filing.

Name of Taxable Person- Name of the taxpayer, will as well be auto-populated at the time of logging into the accepted GST Portal.

Period: (Month -Year)- A Taxable getting is appropriate to worst from a bead down the accordant ages and year appropriately for which GSTR-3 is getting filed.

Details of the food to Registered Taxable Getting – Merchants registered on e-commerce exchange are appropriate to accounter data of food fabricated to registered taxable getting through the e-commerce operator. Actuality exchange sellers are appropriate to accounter data of GSTIN of the supplier, Merchant ID issues by e-commerce abett or forth with the gross bulk of food etc.

Amendment to Data of the Food – Any alteration in the data of the food of the antecedent aeon can be fabricated beneath this head. The modification can be fabricated into the bulk of invoice, taxable bulk or the bulk of IGST, SGST and CGST tax.

Details of the Food to Unregistered Persons – All the food fabricated by the e-commerce exchange merchant to unregistered getting through the e-commerce abett or need to appear here.

Amendment to Data of the food to unregistered getting – Any alteration to the data of food fabricated to unregistered getting through e-commerce abettor needs to be furnished here.

Tax Collected at Antecedent (TCS) Data – This is one of a lot of important headings wherein the abettor is appropriate to accounter data of all tax accumulating at the source. This detail needs to be maintained forth with supplier details. Merchant is as well appropriate to specify the business to business (B2B) and business to customer (B2C) transactions.

Liability Payable and Paid – Once all the data are furnished, the arrangement will auto-calculate the tax accountability and tax acclaim available. This branch includes Tax Collected at Antecedent (TCS), Interest on the delayed transaction of TCS, the fee for backwards filing etc. Once all the particulars are furnished correctly, the aborigine is appropriate to assurance digitally either through a agenda signature affidavit (DSC) or Aadhar based signature analysis to accredit the return. In case you have any query feel free to contact us. you can also check our services for GST Registration and GST Filling.