Summary of the GST Advisory for Reporting of Supplies to Unregistered dealers in GSTR-1/GSTR-5
The Government has issued GST Advisory for Reporting of Supplies to Unregistered dealers in GSTR-1/GSTR-5 on 03-09-2024. As the facility of reporting sales with reduced value of Rs.1 lacs for B2CL transactions in GSTR-1 and GSTR-5 are not available on the portal. Hence to remove the ambiguity related to this, Government has issued this advisory.
- Earlier government reduced the threshold for reporting Invoice details of interstate taxable sales made to unregistered person from 2.5 Lakh to 1 lakh through Notification No.12/2024-Central Tax dated 10-07-2024. Reporting of this should be made in Table 5 of GSTR-1 and Table 6 of GSTR-5.
- However, this rule is still being updated on the GST Portal and it will be available soon to taxpayer. Until then, Taxpayer is advised to continue reporting invoice wise details of taxable outward supplies to unregistered dealer which are more than 2.5 lakhs in Table 5 of GSTR-1 & Table 6 of GSTR-5.
The Original GST Advisory are as under:
Vide Notification No. 12/2024 – Central Tax dated 10th July, 2024, the Government has reduced the threshold limit for reporting of invoice wise details of inter-state taxable outward supplies made to unregistered dealers from 2.5 Lakh to 1 Lakh which needs to be reported in Table 5 of Form GSTR-1 and Table 6 of GSTR-5. In accordance with the new legal provisions, this change is currently under development on the portal and would be available to the taxpayers shortly.
Further, till the time the functionality is made available on portal, it is advised to continue reporting the invoice wise details of taxable outward supplies to unregistered dealers which are more than 2.5 Lakhs in the Table 5 of Form GSTR-1 and Table 6 of GSTR-5.
Thanks,
Team GSTN
Downlaod –GST Advisory on Reporting of Invoices
