What Is GSTR-8?

Understanding GSTR-8 for GST Filing

GSTR-8 is a monthly return filed by e-commerce operators who are required to collect tax at source (TCS) under the Goods and Services Tax (GST) regime in India. 

 Key Features of GSTR-8:

1. For E-commerce Operators:

GSTR-8 is specifically for e-commerce operators who are required to collect TCS under GST. 

These include online platforms that facilitate the supply of goods or services between sellers and buyers.

2. Monthly Filing:

E-commerce operators are required to file GSTR-8 on a monthly basis.

The due date for filing GSTR-8 is typically the 10th of the following month.

3. Details of TCS Collected:

GSTR-8 requires e-commerce operators to provide details of TCS collected from sellers for goods or services supplied through their platform.

4. Supplier-wise Details:

E-commerce operators must furnish supplier-wise details of TCS collected, including the GSTIN of the supplier, invoice details, and the amount of TCS collected.

5. Details of TCS Liability:

GSTR-8 also requires e-commerce operators to declare the total amount of TCS liability for the month.

6. Verification and Declaration:

E-commerce operators verify the correctness of the details provided in GSTR-8 and make a declaration regarding the accuracy of the information furnished.

 Key Sections in GSTR-8:

Part A: Basic details such as GSTIN, legal name, and trade name (if any) of the e-commerce operator.

Part B: Details of TCS collected, including supplier-wise details such as invoice number, date, and amount of TCS collected.

Part C: Details of TCS liability for the month.

Part D: Verification and declaration by the e-commerce operator regarding the correctness of the information provided.

Benefits of GSTR-8:

Ensures TCS Compliance: Helps e-commerce operators comply with their TCS obligations under GST by accurately reporting TCS collected from sellers.

Transparency and Accountability: Promotes transparency and accountability in the TCS process by providing a mechanism for reporting and verification of TCS collections.