GSTN issued Advisory on Reporting of Supplies to Un-registered Dealers in GSTR-1/GSTR-5

The Goods and Services Tax Network (GSTN) has issued an Advisory on Reporting of Supplies to Un-registered Dealers in GSTR-1/GSTR-5.

Advisory on Reporting of Supplies to Un-registered Dealers

Reetu | Sep 4, 2024 |

GSTN issued Advisory on Reporting of Supplies to Un-registered Dealers in GSTR-1/GSTR-5

GSTN issued Advisory on Reporting of Supplies to Un-registered Dealers in GSTR-1/GSTR-5

The Goods and Services Tax Network (GSTN) has issued an Advisory on Reporting of Supplies to Un-registered Dealers in GSTR-1/GSTR-5.

The government has reduced the threshold limit for reporting invoice-wise details of inter-state taxable outward supplies made to unregistered dealers from 2.5 lakh to 1 lakh which must be reported in Table 5 of Form GSTR-1 and Table 6 of GSTR-5, as per Notification No. 12/2024 – Central Tax dated July 10, 2024.

In accordance with the new legal provisions, this change is currently under development on the portal and will be available to the taxpayers shortly.

Furthermore, until the functionality is accessible on the portal, it is recommended to continue reporting invoice-wise details of taxable outbound supplies to unregistered dealers totalling more than 2.5 lakhs in Table 5 of Form GSTR-1 and Table 6 of GSTR-5.

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




Author Bio
My Recent Articles
Delhivery receives GST Tax Demand Notice GSTN issued Advisory for Biometric-Based Aadhaar Authentication and GST Registration Document Verification 54th GST Council Meeting likely to Discuss Relief Measures and Specific Challenges related to Sector 6 Big Expectations from the 54th GST Council Meeting Draft Comments for Sec 43B(h) on Tax Audit ReportView All Posts