GSTR 6

1. Details of Input Tax Credit (ITC) Received:

   • It captures details of the ITC received by the ISD from its suppliers.
   • This includes all invoices where ITC is available to the ISD.

2. Distribution of ITC:

   • The form provides details of how the ITC is distributed to the various branches or units of the ISD.
   • The distribution must be in line with the prescribed GST rules and proportionate to the turnover of each branch or unit.

3. Amendments:

   • Any amendments to the details of ITC received and distributed in previous tax periods can be recorded in GSTR-6.
   • This ensures accurate reflection of ITC in subsequent returns.

4. Credit and Debit Notes:

   • Captures details of credit and debit notes received during the period.
   • These notes adjust the ITC received by the ISD.

5. Reversal of ITC:

   • If there are any reversals of ITC as required under the GST law, these need to be detailed in GSTR-6.

6. Late Fees and Interest:

   • Any applicable late fees and interest due to late filing of GSTR-6 are also recorded in the form.

Filing Frequency and Due Date

• Monthly Filing: GSTR-6 must be filed on a monthly basis.
• Due Date: The due date for filing GSTR-6 is the 13th of the succeeding month.

Importance of GSTR-6

• Accuracy in ITC Claims: Filing GSTR-6 ensures that ITC is accurately distributed among the various branches or units, preventing any discrepancies in ITC claims.
• Compliance: Helps the ISD to comply with GST laws and avoid penalties related to non-compliance.
• Transparency: Regular filing promotes transparency in the utilization and distribution of ITC within the organization.

Penalty for Non-Compliance

• Late Fee: Failure to file GSTR-6 on time attracts a late fee of ₹50 per day of delay (₹25 CGST + ₹25 SGST). If there is no tax liability, the late fee is ₹20 per day (₹10 CGST + ₹10 SGST).
• Interest: Interest is also charged on any tax liability due to late payment.

Contents of GSTR-6 Form

1. Basic Details:

   • GSTIN
   • Legal name
   • Trade name (if any)
   • Tax period

2. Input Tax Credit Received for Distribution:

   • Invoice details
   • Credit note details
   • Debit note details

3. ITC Distributed:

   • GSTIN of the recipient
   • Amount of credit distributed

4. Amendments to Distribution:

   • Details of amendments made to the ITC distributed

5. Reversals of ITC:

   • Details of ITC reversed during the period

6. Total ITC Available and Distributed:

   • Summary of total ITC available for distribution and the total ITC distributed

Filing Process

1. Prepare Data:

   • Collect all necessary data regarding invoices, credit notes, debit notes, and distribution details.

2. Login to GST Portal:

   • Access the GST portal with valid credentials.

3. Enter Details:

   • Fill in the required details in the GSTR-6 form.

4. Verify and Submit:

   • Verify the entered details and submit the form.

5. File Return:

   • File the return and download the acknowledgment for future reference.

GSTR-6 ensures the seamless flow of ITC within an organization, helping maintain compliance and efficiency in tax management.

• Details of Input Tax Credit (ITC) Received: It captures the details of ITC received by the ISD from its suppliers. This includes all invoices where ITC is available.
• ITC Distribution: The form provides details of the ITC distributed to the various branches or units of the ISD. This distribution must be in line with the prescribed GST rules and should be proportionate to the turnover of each branch or unit.
• Amendments: Any amendments to the details of the ITC received and distributed in the previous tax periods can be recorded in GSTR-6. This ensures the accurate reflection of ITC in subsequent returns.
• Credit and Debit Notes: The form captures the details of credit and debit notes received during the period. These notes adjust the ITC received by the ISD.
• Reversal of ITC: If there are any reversals of ITC as required under the GST law, these need to be detailed in GSTR-6.Reversal of ITC: If there are any reversals of ITC as required under the GST law, these need to be detailed in GSTR-6.

1. Organizational Information:

   • Details about the Input Service Distributor (ISD) including legal name, business address, contact information, and GSTIN.

2. Details of Input Tax Credit (ITC) Received:

   • Summary of ITC received on invoices or debit notes from suppliers.

3. Details of ITC Distributed:

   • Breakdown of ITC distributed to each recipient unit (other registered entities within the same state) using Form GSTR-6A.

4. Invoice Records:

   • Maintain records of invoices or debit notes on which ITC is received. Each invoice or debit note should include:
     • Supplier's details (name, address, and GSTIN)
     • Invoice number and date
     • Description of goods or services
     • Taxable value
     • Tax amount (IGST, CGST, SGST/UTGST)

5. Form GSTR-6A:

   • Form GSTR-6A serves as a draft statement for the recipients (registered units) to verify the correctness of ITC available and confirm the details of ITC received and distributed.

6. Payment Records:

   • Records of payments made against invoices or debit notes on which ITC is received.

7. Supporting Documents:

   • Maintain supporting documents such as agreements, contracts, service delivery confirmations, and any other relevant documents that support the distribution of ITC by the ISD.

8. Declaration of Compliance:

   • Certify the accuracy and completeness of the information provided in GSTR-6.
   • Confirm that all necessary taxes have been correctly distributed as per GST rules.

9. Digital Signature (if applicable):

   • Ensure that the GSTR-6 form is digitally signed, where required, to authenticate the accuracy and completeness of the information provided.

10. Internal Controls and Procedures:

    • Describe internal controls and procedures implemented to ensure accurate reporting and compliance with GST regulations for GSTR-6.