ClearTax Guide on Filing GSTR-6 on GST Portal

Every taxable person registered as an Input Service Distributor is required to furnish details of input credit distributed in form GSTR-6. Read more here

Input Service Distributor Required to File GSTR-6

We recently discussed the concept of Input Services Distributor and its implication under the GST regime. Here we are extending our discussion and focusing on return filing aspect for Input Service Distributor (ISD). An ISD is required to furnish details of invoices in form GSTR-6 through the GST portal.

Every Input Service Distributor shall, after adding, correcting or deleting the details contained in FORM GSTR-6A, furnish electronically a return in FORM GSTR-6. This return will contain details of tax invoices on which credit has been received. GSTR-6 needs to be furnished by 13th of the month succeeding the tax period.

Below we have provided various heads under which information needs to be furnished:

 

  • GSTINEach taxpayer will be allotted a state-wise PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN). A format of proposed GSTIN has been shown in the image below. GSTIN of the taxpayer will be auto-populated at the time of return filing.

    Format of GSTIN
    Format of GSTIN
  • Name of the Registered Person –  Name of the taxpayer, will also be auto-populated at the time of logging into the common GST Portal.
  • Period – (Month – Year) –  A Taxable person is required to select from a drop down the relevant month and year respectively for which GSTR-6 is being filed.
  • Supplies From Registered Taxable Persons – Input Service Distributor is required to furnish details of supplies received from a registered person and the amount of input credit to be availed under current tax period. All inward supply related information will be auto-populated from counter-party GSTR-1 and GSTR-5. Under this heading, the taxable person is required to enter the amount of credit to be availed for CGST/SGST or IGST as the case may be.  If the supply is received in more than one lot, the invoice information should be reported in the period in which the last lot is received and recorded in the books of accounts.
  • Amendments to the details of inward supplies – Any change or modification in the details of inward supplies received in earlier tax periods must be reported under this section. Here the taxpayer is required to provide details of revised/original invoices along with the CGST/SGST and IGST charged.
  • Details of Credit/Debit Notes – All debit/credit notes raised by the Input Service Distributor must be reported under this heading. Needless to say, Counter-party debit note will result in Input Service Distributors’ credit note and vice versa. Differential taxable value and differential tax will also get calculated here.
  • Amendment to Details of Credit/Debit Notes – Further in case any amendment is made with respect to debit/credit notes issued in the earlier tax period in current month needs to be reported under this head.
  • Input Service Distribution – This is one of the most critical headings for input service distributor. Here an input service distributor is required to provide details of the receiver of input credit corresponding to his GSTIN number. Here ISD is also required to specify the amount of ISD credit distributed under IGST, CGST, and SGST respectively.
  • Revision of Input Service Distribution of Earlier Tax Periods – Any revision in the amount of credit distributed in earlier tax period can be made under this heading. Here Input Service Distributor is required to submit details of the original invoice and the revised invoice along with the GSTIN of the receiver of credit and revised ISD credit distributed
  • ISD Ledger – This is a repository of all the credit distribution transaction between the head office and the branches. This heading holds detail of Input Tax Credit Received, Input Tax Credit reverted and Input Tax Credit distributed as SGST, CGST, and IGST.

Once all these information is furnished and flown into GSTR-6, Input Service Distributor is required to electronically sign a declaration regarding the correctness of the information furnished under various heads.
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