A Comprehensive Guide on GSTR-8

Filing GSTR-8 has become compulsory for every E-commerce operator who needs to accumulate TCS (Tax Collected at Source), registered under the GST Act by the government of India. The provision of TCS under GST is administered under Section 52 of the CGST Act. GSTR-8 has to be filled monthly basis for all the taxable supplies made through TCS. Every E-commerce operator needed to report the details of taxable supplies and collected tax at source in the GSTR-8 form. You have to file GSTR-8 by the 10th of that particular month on the Government GST portal. This article contains a comprehensive guide on what is GSTR-8 and how to file the document.

What Is GSTR-8?

Form GSTR-8 is a document that must be filed every month by E-commerce operators registered under the GST Act of the Government of India. This document contains details of taxable supplies made from the E-commerce platform and the collected amount of TCS, tax payable, and tax paid on those supplies.

Importance of GSTR-8

This document highlights supplies from the platform and TCS collected from those supplies. Filing GSTR-8 facilitates E-commerce operators with details of collection and remittance. This provides the suppliers an opportunity to claim the TCS as credit. GSTR-8 helps to unite E-commerce operations within the GST System perfectly.

Last Date of Filing and Late Charges

This follows a monthly filing process. The last date of filing is the 10th day of the month following the tax cycle. There are some late-filled charges, a penalty of 200 Rupees (Rupees 100 as CGST and Rupees 100 as SGST) per day. The late charges will count for a maximum of 5000 Rupees. Along with the penalty, there is 18% per annum interest has to be paid. No penalty will be charged on IGST late filing. You cannot make any changes if any mistake occurs while filling until the next month of the following tax cycle.

Necessary Documents to File GSTR-8

1. Provide personal GSTIN or provisional ID.
2. Provide basic details.
3. Details of the supplies made through the E-commerce platform to registered and unregistered persons.

4. Details of TCS (Tax Collected at Source).
5. Any kind of correction and amendment. 

6. Interest Detail: Missed payment of TCS will add interest on TCS amount.

7. Interest charges: An 18% per annum interest will be added from the due date till the payment date.

8. Penalty charges: Add penalty of rupees 200(100 Rupees as CGST and 100 Rupees as SGST) will be charged per day up to 5000, Exempt IGST.
9. Add detail of tax amount has been paid till date under SGST, CGST, and IGST.

10. Claim a refund when all the liabilities for that tax period are complete.

11. The amount of TCS will be filled to part C of GSTR-2A of the taxpayer on filing GSTR-8.

The Process to File GSTR-8

• Step 1: Open the GST portal.
• Step 2: ‘Login’ to the GST portal with the correct Username and Password.
• Step 3: Visit ‘Service’ and click on ‘Returns’.
• Step 4: Navigate through the ‘Returns Dashboard’ and select the financial year and tax period.
• Step 5: Click on ‘Prepare Online’.
• Step 6: Enter all the required details at their places, such as the collected TCS, any payable interest, or any amendment.
• Step 7: Click on ‘Save’.
• Step 8: Acknowledge the declaration.
• Step 9: After submitting the details click on ‘File GSTR-8’.
• Step 10: Verify with “DSC’ (Digital Signature Certificate) or ‘EVC’ (Electronic Verification Code).

FAQ on Filing GSTR-8

1. Who Should File GSTR-8? And Who Are E-commerce Operators?

GSTR-8 is compulsory for every E-commerce operator who needs to accumulate TCS (Tax Collected at Source) and registered under the GST Act by the government of India. It is compulsory for every E-commerce operator are required to obtain GST registration and, TCS registration. An individual who owns or runs any digital platform like Amazon, Flipkart, etc. is defined as an E-commerce operator by the Indian government under the GST Act. E-commerce businesses with aggregate turnover of more than 20 lakh rupees are required to file GSTR-8.

2. Is It Mandatory to File Form GSTR-8?

Filling GSTR 8 is mandatory only if the E-commerce operator has collected TCS (Tax Collected at Source) in a particular tax period, or if the E commerce operator amend any details in that tax period otherwise it is not compulsory to file in every tax period.

3. What are the pre-conditions for filing Form GSTR-8?

Here we have discussed some of the pre-conditions for filling Form GSTR-8.

• Registered E-commerce operator should acquire an active GSTIN for that tax period.
• E-commerce operator must have valid User ID AND Passkey.
• E-commerce operator has TCS (Tax Collected at Source).
• E-commerce operator should register their mobile number on the GST portal to file using EVC verification.
• Acquire valid and non-expired DSC.
  
  In conclusion, Filing the GSTR-8 is a compulsory task for every E-commerce business owner registered under the GST Act by the Government of India. E-commerce operators are becoming key factors in the modern digital economy. Form GSTR-8 unites E-commerce operations within the GST System perfectly. It helps to sustain and control a seamless online marketplace. In this article we have presented all the necessary details to file GSTR-8 online. It will guide you to stay updated and file GSTR-8 return accurately. Make sure you follow all the steps carefully to avoid penalty or any kind of mistake, for more information contact Online Legal India. Our experts will help you to file your GSTR-8 return at an affordable price.