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Under the Goods and Services Tax (GST) law, certain taxpayers have specific compliance requirements related to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) . For the month of July 2025 , the due date for filing GSTR-7 and GSTR-8 is 10th August 2025 . Timely filing helps you avoid penalties and interest charges. 1. GSTR-7 – For GST TDS Filers Who should file? GSTR-7 must be filed by entities required to deduct tax at source under GST. This generally includes: Government departments Local authorities Public sector undertakings Certain notified persons under GST Purpose: To report the details of TDS deducted on payments made to suppliers of goods or services. Key points to remember: Deduct TDS @ 2% (1% CGST + 1% SGST) on taxable supplies exceeding ₹2.5 lakh under a contract. Deposit TDS with the government and file GSTR-7 by 10th August 2025 for July transactions. Ensure accuracy to avoid mismatch notices. 2. GSTR-8 – For GST TCS Filer...

Stay Compliant & Avoid Penalties – File Your July 2025 TDS/TCS on Time The Income Tax Department mandates that all entities deducting or collecting tax at source must deposit the same within the prescribed due dates. For the month of July 2025 , the due date for payment of TDS and TCS is 7th August 2025 . What is TDS (Tax Deducted at Source)? TDS is a mechanism where a certain percentage of payment is deducted at the source by the payer before making payment to the payee. This ensures that tax is collected in advance and credited to the government. Examples include: Salary payments Professional fees Rent payments Contractor payments What is TCS (Tax Collected at Source)? TCS is the tax collected by a seller from the buyer at the time of sale of certain goods or services. Examples include: Sale of scrap Sale of minerals Sale of motor vehicles above a specified limit E-commerce transactions (by operators) Who Should Pay by 7th August 2025? Al...