GSTR-6 is an important return that Input Service Distributors are required to file under the GST regime. It’s a mandatory monthly return for Input Service Distributors.
The GSTR-6 form is a monthly return that Input Service Distributors are required to file. This contains the details about the Input Tax Credit (ITC) received by the Input Service Distributors. It also contains all the documents issued for the distribution of Input Tax Credit along with how it was distributed against relevant tax invoices. Input Service Distributors are to file this return even if they have NIL returns.
One of the things to remember is that GSTR-6 can’t be revised. Any changes to be made can only be done in the following month’s return.
Input Service Distributors are businesses who get invoices for services used by their branches. They act as an intermediary between Manufacturing businesses and producers of final products.
Input Service Distributors who have to file GSTR-6 include:
GSTR-6A is a document that is generated automatically based on the details entered by the Input Service distributor in GSTR-1. It is a read-only Form and if changes are to be made, it should be made while filing the GSTR-6 form.
GSTR-6A is not to be filed. It's automatically generated.
GSTR-6 is a mandatory monthly return. It is to be filed on the 13th of every month.
The due dates for 2020 are mentioned below:
|Period (Monthly)||Due Date|
|February Return||March 13th 2020|
|March Return||April 13th 2020|
|April Return||May 13th 2020|
|May Return||June 13th 2020|
|June Return||July 13th 2020|
|July Return||August 13th 2020|
|August Return||September 13th 2020|
|September Return||October 13th 2020|
|October Return||November 13th 2020|
|November Return||December 13th 2020|
|December Return||January 13th 2021|
Talk to our investment specialist
The government has specified 11 heading under GSTR-6 form.
It’s a unique 15-digit number that every registered dealer has. It is auto-populated.
Enter the name and business name.
Month, Year: Enter the relevant month and year of filing.
Input Service Distributor enters the details of purchases from a registered supplier. Inward supply details are auto-populated from the GSTR-1 and GSTR-5 of the counterparty. All credit covered under SGST/IGST/CGST has to be mentioned.
All entries will be auto-populated from Table 3. It will contain details about the total ITC of the Input Service Distributor divided into eligible ITC and ineligible ITC.
This includes information regarding the available credit under CGST, IGST and SGST. Fill in the invoice details in this section.
In this section, the taxpayer is required to provide modified and revised details of invoices with information of CGST, SGST and IGST charged due to any modification or change in the earlier tax period.
Any mismatches or reclaims in ITC under IGST/CGST/SGST can be done here.
ITC amount to be distributed under IGST/CGST/SGST is to be mentioned here.
If the amount has been distributed to the wrong person, the changes can be mentioned here.
Late fees payable or paid should be mentioned here.
Refund amount and other related information are covered under this heading.
Filing GSTR-6 late will attract both interest and late fees as a penalty.
An interest of 18% will be charged extra while you will also have to pay the total tax amount due for the month. For each delayed day the interest will grow by 4.93%. approximately.
The taxpayer will be liable to pay Rs.50 per day from the due date till the date of actual filing. Rs. 20 per day will be charged in case of late filing of NIL return.
You Might Also Like