You must submit your GSTR-6 return by the deadline if you are an Input Service Distributor (“ISD”) registered for GST. The GSTR 6 form contains all the information about your purchase invoices, and the majority of the data is automatically filled in. It is significant to remember that ISD registration is distinct from regular GST registration. As a result, if you have already registered as a regular supplier for GST, you must additionally register as an ISD. Next you must submit an application for a unique GST Registration as ISD.
GSTR 6’s Key Features
GSTR 6 form must be submitted by all Input Service Distributors.
GSTR-6 is a form used to file monthly returns.
The return is due on the thirteenth day of the next month.
Taxpayers must provide all the information from their ISD Invoice, which was provided for credit distribution, as well as the Input Tax Credit (“ITC”) that was received.
Example:
The company’s head office is in Delhi, and it has registered branches under the same PAN in the states of UP and Haryana. To provide security guards for the head office and branch offices, the head office enters into a contract with a supplier of manpower. Manpower Supplier sends the head office a single invoice. The head office has been given credit on behalf of the branch offices in Uttar Pradesh and Haryana. As a result, the head office will assign branch offices a proportionate amount of credit (ISD).
Deadline for submitting GSTR-6 returns
For monthly returns, businesses must submit GSTR-6 forms by the 13th day of the next month. Let’s take the example of a company that is initially registered in Mumbai and has locations in Bangalore, Hyderabad, Gurgaon, and Kolkata. Let’s imagine that they have returns for the month of March 2023 then they need to file GSTR-6. Thus, the GSTR-6 return filing deadline will be 13th April 2023.
GSTR-6 won’t be ready for filing until the tenth of the next month, though. So, you actually have three days to file GSTR-6.
