Non-Resident foreign taxpayers (special cases under GST Registration) are those suppliers who have come for a short period to make supplies in India without having any business establishments here. Products are normally imported to make local supplies. Therefore, they will be allowed to avail Input Tax Credit only on IGST paid on imports. However, other taxpayers can take credit for supplies made by them and filed in Form GSTR 5.
Date of filing of GSTR 5
Such taxpayers would be required to file the return in form GSTR 5 for the period for which they have obtained registration:
- within a period of 7 days after the date of expiry of registration; or
- to be filed monthly before 20th of the following month.
GSTR 6 has a total of 14 headings, the taxable person need not worry as most of these will be pre-filled. But we need to understand certain terms:
- GSTIN – Goods and Services Taxpayer Identification Number
- UIN – Unique Identification Number
- UQC – Unit Quantity Code
- HSN – Harmonised System of Nomenclature
- SAC – Services Accounting Code
- POS – Place of Supply of Goods and Services
- B2B – From one registered person to another registered person
- B2C – From registered person to unregistered person
Particulars of GSTR 5
1. GSTIN – Here you have to specify your unique PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN).
2. Name of the Taxpayer – This field should contain the name of the registered tax payer (who is also the authorised signatory under the GST law) for your business.
3.Inputs/Capital goods received from Overseas
- Here, you are required to record the details of all goods that you have imported into India along with all the relevant documents (such as the bill of entry).
4. Amendment in the details furnished in any earlier return
- Under the Section 5A of GSTR 5, you can amend/update any changes made to the documents that you have filed earlier (such as previous bills of entry). While you are at it, you as the non-resident foreign taxpayer, are also required to furnish details of the original bill of entry that has now been amended by you.
5.Taxable outward supplies made to registered persons
- Here, you are required to furnish details of all sales and outward supplies that you have made in India during the period of this tax return. While you are at it, remember to specify the details of all registered buyers along with their GSTINs. Also, please track different components of GST – namely, CGST, SGST and IGST separately.
6.Taxable outward inter-State supplies to un-registered persons where invoice value is more than Rs 2.5 lakh
- All inter-state B to C supplies, where invoice value is more than Rs. 2,50,000/-(B to C Large) invoice level detail to be provided in this table.
7. Taxable supplies to unregistered persons other than the supplies
mentioned at Table 6
- For all B to C supplies (whether inter-State or intra-State) where invoice value is up to Rs. 2,50,000/- State-wise summary of supplies shall be filed in this table.
8.Amendments to taxable outward supply details furnished in returns for earlier tax periods in Table 5 and 6.
- Table 8 consists of amendments in respect of :
i. B2B outward supplies declared in the previous tax period;
ii. “B2C inter-State invoices where invoice value is more than 2.5 lakhs” reported in the previous tax
iii. Original Debit and credit note details and its amendments.
9. Amendments to taxable outward supplies to unregistered persons furnished in returns for
Earlier tax periods in Table 7
- This table covers the Amendments in respect of B2C outward supplies other than inter-State supplies
where invoice value is more than Rs 250000/-.
10. Total tax liability
- This table consists of tax liability on account of outward supplies declared in the current tax period and
negative ITC on account of amendment to import of goods in the current tax period.
11. Tax payable and paid
- Under this section, you can record the details of the tax paid for this tax period under different GST components; CGST, SGST and IGST. The tax liability for this can be calculated based on the data provided by you under the above sections.
12.Interest, late fee and any other amount payable and paid
- This will include the details of the Interest and Late Fees that is being paid and payable to the Central and the State Government.
13. Refund claimed from electronic cash ledger
- This section will contain the details of all refunds that you have received into the bank account from the electronic cash ledger (a ledger that needs to be maintained by every taxable person for).
14. Debit entries in electronic cash/credit ledger for tax/interest payment
- It includes the details of the debit entries in cash ledger for tax/interest payment and it is to be populated after payment of tax and submissions of return.
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