The GST Council has introduced new return filing system in order to simplify the filing process. This system is currently postponed until October 2020.
The provisions related to tax deducted at source, tax collected at source and reverse charge mechanism under GST have been deferred for another three months till Sept 30, 2018.
GSTR 2X return need to be filed by taxpayer who wants to claim for TDS and TCS credit received. Here taxpayer will get auto-population of data from his counterparty who files GSTR 7 and GSTR 8.
An E-commerce operator liable to collect tax, he is required to be registered under GST, mandatorily.
The TCS (Tax Collected at Source) collector is required to file a TCS return in form GSTR-8 within 10 days after the end of the given month.
Application for Registration for TCS collector is to be filed in REG-07. Registration certificate to be issued in REG-06.
Filing Returns for Sept 2018.| Understanding GSTR9 | Reconciliation for ITC | Updates in Eway Bill and GST.
