GSTR-6 – Return Filing, Format, Eligibility

 

GSTR 6 Return form for all input service distributors licensed under the Goods and Services Tax Act (GST). Each Input Service Distributor (ISD) would be expected to include the invoice information in the GSTR-6 form on the GSTN portal. After fixing, updating, deleting, and inserting the specifics of the GSTR-6A type, the GSTR 6 is given and most of the information is auto-populated. The specifics of the credit received from various invoices are covered by GSTR 6.

 

The GSTR-6 form is a periodic return form required to be revised by the GST Portal Input Service Distributor (ISD). It includes the information of the ITC (Input Tax Credit) obtained by the ISD and also contains all the documentation provided for the delivery of the ITC and the form in which the credit is allocated against all the applicable tax invoices. GSTR 6 must be filed for any ISD, even though it is a zero return. In this article, we will discuss GSTR-6 – Return Filing, Format, Eligibility

GSTR-6 Return Filing – What is this?

 

Under the Goods and Services Tax (GST) Act, 2017, GSTR-6 is a monthly return to be submitted by the Input Service Distributor (ISD) for the allocation of the Input Tax Credit (ITC) between the goods/units providing specifics of the ITC obtained by the Input Service Distributor and the distribution of the ITC. And if there has been no commercial operation in a given month, the ISD must still file a Zero return.

 

GSTR-6 Filing Eligibility

 

Taxpayers who are registered as a GST Input Service Distributor (ISD) are eligible to file GSTR-6 returns per month via the official GST portal.

 

There is no clause under GST to amend GST 6. Any mistakes made in the return can be corrected at the same time as the GSTR 6 of the next month.

 

GSTR 6A is a robotic shape based on the information offered by the suppliers of the Input Service Provider in their GSTR-1. GSTR-6A is the easiest form to learn. Any changes to be made to GSTR-6A must be made before filing GSTR-6.

 

Date of Return Filing for GSTR-6

As per the GST Act, GSTR-6 is due on the 13th of next month.

 

What are the GSTR-6 Filing Pre-Conditions?

 

The foregoing are the pre-conditions for filing GSTR-6:

  • The recipient taxpayer must be enrolled with ISD and must have an active GSTIN or GST number.

 

  • The beneficiary taxpayer should have valid login certificates (i.e., User ID and password).

 

  • Receiver taxpayer should have a legitimate and unexpired Digital Signature Stamp (DSC which is mandatory for companies, LLPs and FLLPs).

 

  • The recipient taxpayer should have a legitimate Aadhaar number with a mobile number if they want to use the E-Sign option.

 

  • A beneficiary taxpayer should have with him an active mobile number specified in the registration information is given to the GST Portal at the time of enrolment/registration or alteration of the registration details to be signed by the EVC.
  • A recipient taxpayer would have the option of filing Form GSTR-6 for canceled GSTINs for the time in which it was involved.
  • The due date for the fulfillment of Forms GSTR-1 and GSTR 5 of the same tax period may have lapsed.

Relevant things to note while filing GSTR-6

 

After inserting, fixing, or removing information in GSTR-6A, the ISD must report GSTR-6. Thus, much of the information in GSTR-6 is auto-populated from the information accepted in GSTR-6.

  • GSTIN – send GSTIN to the dealer by whom the return is being filed.
  • Name of the enrolled citizen – the name of the taxpayer would be auto-populated.
  • ITC Input Tax Credit Obtained for Delivery – The information in this segment will be auto-populated. The segment will provide the invoice information of all inputs obtained and are allocated as ITC.
  • Complete ITC/Qualified ITC/Ineligible ITC to be allocated for the tax year – This part shall include the total of all ITCs of the Input Service Distributor split into the total amount of ITC, eligible ITC, and ineligible ITC.
  • Distribution of input tax credits listed in Table 4. In exchange, the entire ITC distribution is stated by the ISD. On this basis, the distributor to whom the credit is allocated would be entitled to claim the ITC – Input Tax Credit.
  • Modifications to the information given in the earlier returns in Table No. 3 – If there is any flaw in the invoice details of the inward deliveries provided in the previous returns, this can be corrected here. The specifics of the improvements to be made to the invoices must be entered here.
  • ITC mismatches and statements to be allocated over the tax cycle – Adjustments to the overall ITC on account of mismatch or ITCs recovered on rectification of mismatch can be rendered in this chart.
  • Distribution of ITC – input tax credit recorded in Tables 6 and 7 (plus/minus – Adjustments and revisions to be made to the volume of credit distributed to dealers on the basis of information entered in Table 6 or 7 can be made here.
  • Modifications to the information given in the earlier returns in Table No. 3 – If there is any flaw in the invoice details of the inward deliveries provided in the previous returns, this can be corrected here. The specifics of the improvements to be made to the invoices must be entered here.
  • ITC mismatches and statements to be allocated over the tax cycle – Adjustments to the overall ITC on account of mismatch or ITCs recovered on rectification of mismatch can be rendered in this chart.
  • Distribution of ITC – input tax credit recorded in Tables 6 and 7 (plus/minus – Adjustments and revisions to be made to the volume of credit distributed to dealers on the basis of information entered in Table 6 or 7 can be made here.

Step-by-step GSTR-6 Filing Guide on GST Platform

 

The measures involved in filing GSTR-6 on the GST portal are set out below:

 

Steps: 

  • Enable a web browser on your desktop/laptop/tablet computer and visit the official GST site https:/gst.gov.in.
  • To access your GST Dashboard, press the Login button on the website. Enter the username and password you need to sign up to the portal.
  • After signing in successfully, press Services on the top menu, then click Returns, and click Returns Dashboard again. You will be routed to the File Returns tab automatically.
  • On the File Returns tab, pick the required options for both the Financial Year and the Return Filing Date list-boxes, then press the Search button to continue.
  • Then, press the Prepare Online button under the GSTR6 Tile Input Utility Distributor Return button.
  • Scroll down to the bottom of the page and press the Create GSTR6 Overview button. A validation message will be shown and the information will be entered automatically.
  • Note: This is a significant move forward. If you press this button, the information in GSTR-06A will be auto-populated in your GSTR-06. GSTR-06A is a folder containing all the specifics of your input filed by your suppliers in GSTR-1 and GSTR-05.

 

  • When the data are self-populated, click on ‘3 – Input Tax Credit Obtained for Delivery.’ You will be able to see a list of GSTIN suppliers from which you have ordered supplies. Verify the information by clicking on the GSTIN of each seller.

 

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