The Central Board of Indirect Taxes (CBIC) directed E-Commerce Operators who are required to collect Tax at Source (TCS) under GST to file GSTR-8 Return for the month of February, 2021 by March 10, 2021.
GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST. GSTR-8 contains the details of supplies effected through e-commerce platforms and the amount of TCS collected on such supplies.
Every e-commerce operator registered under GST is required to file GSTR-8. An E-commerce operator has been defined under GST Act as any person who owns or manages a digital or electronic facility or platform for electronic commerce such as Amazon etc. All such e-commerce operators are required to obtain GST registration as well as registered for TCS (Tax collection at source).
It is noteworthy that if the GST return is not filed on time, then a penalty of Rs 100 under CGST & Rs 100 under SGST shall be levied per day. The total will be Rs. 200/day. The maximum is Rs. 5,000. There is no late fee on IGST in case of delayed filing.
Along with the late fee, interest at 18% per annum has to be paid. It has to be calculated by the taxpayer on the tax to be paid. The time period will be from the next day of filing to the date of payment.