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GSTR-6 Filing Guidelines and Format

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GSTR-6 is the process of recording and filing your monthly returns for the previous month by an ISD (Input Service Distributor). It consists of details about the ITC (Input Tax Credit) distribution usually carried out by the ISD.

After GSTR-3B, GSTR-1, GSTR-2, the next return filing would be the GSTR-6. An ISD would file the GSTR-6 returns. In this article we will learn in detail about the GSTR-6.

What is GSTR-6?

GSTR-6 is the process of recording and filing your returns for the previous month by an ISD (Input Service Distributor). It consists of details about the ITC (Input Tax Credit) distribution usually carried out by the ISD.

Who is an ISD (Input Service Distributor)?

Input Service Distributor (ISD) means an office of the supplier of goods or services or both which receives tax invoices towards receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax (CGST), State tax (SGST)/ Union territory tax (UTGST) or integrated tax (IGST) paid on the said services to a supplier of taxable goods or services or both having same PAN as that of the ISD.

The details in the returns will be made available to the respective recipients in their GSTR 2A. The recipients may include these in its GSTR-2 and take credit. An ISD shall not be required to file Annual return.

What all should be furnished in the GSTR-6 format?

There are a total of 11 different sections and few sub-sections that needs to be filled by the ISD.

They are:

  • GSTIN
  • Name
  • Input tax credit received for distribution
  • Total ITC/Eligible ITC/Ineligible ITC to be distributed for tax period (From Table No. 3)
  • Distribution of input tax credit reported in Table
  • Amendments in information furnished in earlier returns in Table No. 3
  • Input tax credit mis-matches and reclaims to be distributed in the tax period
  • Distribution of input tax credit reported in Table No. 6 and 7 (plus / minus)
  • Redistribution of ITC distributed to a wrong recipient (plus / minu
  • Late Fee
  • Refund claimed from electronic cash ledger

Let’s break the format and understand what needs to be done in the individual sections:

1.) GSTIN: Your registered and allocated GSTIN by the Government of India will be Auto-populated.

2.) Name: Name will be automatically generated after signing into the GSTN portal.

3.) Input tax credit received for distribution:

In this section the ISD (Input Service Distributor) need to furnish the details of the vendor who is receiving the (ITC) Input Tax Credits on his GSTIN. The vendor has to provide details like GSTIN’s, Invoice details, etc. The segregation of credits is according to the IGST, CGST and SGST respectively.

4.) Total ITC/Eligible ITC/Ineligible ITC to be distributed for tax period (From Table No. 3) :

In this section the ISD has to furnish the details about the Total ITC/ Eligible ITC that need to be paid to the vendor for specific tax period. Cess if provided any also has to be mentioned respectively.

5.) Distribution of input tax credit reported in Table:

In this section the ISD has to report the vendor what percentage of ITC he/she is eligible and what percentage of ITC he/she is not eligible. The vendor can claim for ITC based on the inputs that the ISD give in this section.

6.) Amendments in information furnished in earlier returns in Table No. 3

In this section the ISD has to furnish the corrections or changes that the ISD wants to do in the earlier submitted GSTR-6. It contains three sub-sections:

  • 6A.) In this sub-section the ISD need to furnish the details of any incorrect data is entered in the earlier filing.
  • 6B.) In this sub-section the ISD need to furnish the details of the Debit or Credit Notes received this should be the original one.
  • 6C.) In this sub-section the ISD need to furnish the details of the Debit or Credit Notes changes that needs to be done in the previous month.

7.) Input tax credit mis-matches and reclaims to be distributed in the tax period:

In this section the ISD has to furnish the details about the Input Tax Credit which consists of mis-matches and reclaims that has to be distributed for the specific tax period.

The two Sub-sections are:

  • 7A.) Talks about the ITC Mismatches.
  • 7B.) Talks about the ITC that is reclaimed on Rectification of mismatch.

8.) Distribution of input tax credit reported in Table No. 6 and 7 (plus / minus)

In this section the ISD has to furnish details about the distribution of ITC that was reported in the earlier Table 6 and 7. Any changes or corrections that need to be done in the amount of eligible ITC to the vendor can be done in this section.

9.) Redistribution of ITC distributed to a wrong recipient (plus / minus):

In this section the ISD need to mention the details about the distribution of ITC to a wrong vendor and needed changes in the earlier month has to be mentioned in this section.

10.) Late Fee:

In this section the ISD has to furnish the details about the implications of late fee by the vendor has to be mentioned here.

11.) Refund claimed from electronic cash ledger:

In this section the ISD has to mention the details of the refund that can be claimed from the electronic cash ledger.

 

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