GSTR-5 Filing training, GSTR-5 Filing on GST Portal - GST Return Filing Procedure

File GSTR 5, What is GSTR-5, filed your GST Returns Yet, Revised due date for filing GSTR-5, The Goods & Services Tax Return 5 (GSTR-5) form is to be used by registered non-resident persons to file monthly tax returns on GST portal. Each non-resident taxpayer, who carries out business in the country, is required to furnish GSTR-5 form details on or before 20th of the next month for a particular tax period.

GSTR-5 Filing - Due Date & Penalty for Late Filing

1. What is GSTR-5?
2. Who can file GSTR-5?
3. Who is a non-resident taxable person?
4. When to file GSTR-5?
5. Proforma of GSTR-5

How to File GSTR 5 Form Online, What is Form GSTR-5?

GSTR-5 is a periodic return to be filed by Non-Resident Taxable Person. This form has been designed to take care of transactions undertaken by the non-resident taxable person.

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GSTR-5 is a return that is filed electronically through the common portal by non-resident taxpayers (foreigners). Either it can be done directly or from facilitation centre. Here, Non-Resident foreign taxpayers are the suppliers that don’t have a business institution in India and have arrive for a short period to make supplies in India.

Who is Non-Resident Taxable Person?

Any person who occasionally undertakes transactions involving the supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India.

GST Returns: Types, Forms & Due Dates of GST Returns,GSTR-5?

The non-resident taxable person shall furnish a return including therein the details of outward supplies and inward supplies and shall pay the tax, interest, penalty, fees or any other amount payable under the Act or these rules. This should be done within twenty days after the end of a calendar month or within seven days after the last day of the validity period of registration, whichever is earlier.

Proforma of Form GSTR-5

Here you can see the complete format of the Form GSTR-5.

GSTR-5 and their significance

# Headings Details to be furnished
1 GSTIN (Goods and Services Taxpayer Identification Number ) 15 digit state-wise PAN number which will be auto-populated at the time of filing a return.
2 Legal Name of the registered person Will be auto-populated when a taxpayer will login to the common GST portal
3 Validity Period of Registration This shall be auto-populated
4 Tax Period/period of return Period/month or year of tax to which the Return pertains (respectively for which GSTR-5 is being filed); to be selected from drop-down menu
5 Imported goods (physical goods supplied into an Indian taxable territory from overseas) Under GST, any such goods/services supplied, need to be furnished under this head; it includes Bill of entry number and other basic description of goods imported
6 Modifications to Details of Imported goods; of Earlier Tax Periods Any amendment in tax calculated on imported goods is presented under this heading along with details of the entire changes in the bill of Entry / Import Report and eventual changes in IGST rates. Details pertaining to original Bill of entry is also furnished here.
7 Imported services Details of services received from a supplier located outside India are furnished under this head. In this scenario, one foreign taxable person has received services from another foreign taxable person in Indian Territory.
8 Modifications to details of imported services Any amendment in tax calculated on imported services is presented under this heading along with details of the entire changes in the bill of Entry / Import Report. Any reduction in value of supply will result in a refund of IGST paid earlier.
9 Outward Supplies Made Outward supplies of a foreign taxpayer are captured under this head once the details of inputs have been filled in. It being a GSTIN based entry, GSTIN of the buyer must also be reported. The supply details should be furnished with the complete break-up of IGST, CGST and SGST charged.
It includes the
1. Taxable Outward Supplies made to registered persons
2. Taxable Outward Interstate Supplies made to unregistered persons where invoice value is more than Rs.2.5 Lakh
3. Taxable Supplies net of Debit-Credit Notes to unregistered persons other than above.
10 Modifications to outward supplies related to intra-state supplies; received in Earlier Tax Periods Any amendment in outward supply from earlier tax period is presented under this head. If required, new invoices need to be issued for revisions. Such modifications will also have an impact on the tax liability of a non-resident taxpayer.
11 Debit notes and credit notes details All debit and credit notes that are raised must be reported by a foreign taxable payer.
12 Amendment to debit or credit notes of earlier tax periods Any amendment in debit /credit note pertaining to previous months shall be reported under this heading.
13 Tax, Interest, Late Fee and Penalty Paid Under this head, input from all the headings determine the final GST liability along with separate presentation of tax liability against IGST, CGST, and SGST. Here, the taxpayer has an option to debit cash ledger/ credit ledger against the outstanding liability.
14 Refunds Claimed (from Cash Ledger) The taxpayer can claim a refund of Input Credit amount in excess of tax liability in this header.
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What is GSTR-5 Form and How to File it?

• Revised due date for filing GSTR-5 and GSTR-5A for the month of July-December 2017 is 31st January 2018.
• Penalty for late filing GSTR-5, GSTR-5A is reduced to Rs.50 per day and in case of Nil return Rs. 20 per day. Check Notification

Last Dates of GSTR-5 Return
Regular GSTR-5 Due Dates Revised GSTR-5 Due Date for July-December 2017

20th of Next Month 31st January 2018

Details of automatic debit entries made in cash ledger and credit ledger after successful payment of tax and interest. On submission of the tax return through GSTR-5, the system will automatically update ITC information in the respective ledgers.

The taxpayer has to digitally sign at the bottom of GSTR-5 confirming the validity of the information provided in the form.

GSTR-5, GST Return Filing online | Learn how to file GST return

What is GSTR-5?

GSTR-5 is a return to be filed by all Non- Resident Taxpayer in cases he doesn’t wish to avail ITC on local procurements. In case, he wishes to avail ITC on local procurement, he will be required to register as a normal taxpayer and file GSTR-1/ 2/ 3 as a normal/casual taxpayer.

I need to file the GSTR-5?

Non- Resident Taxpayers need to file GSTR-5 return for the period for which they have obtained registration within a period of seven days after the date of expiry of registration. In case, registration period is for more than one month, monthly return (s) would be filed by 20th of the month succeeding the tax period and thereafter return for remaining period would be filed within a period of seven days.

where can I file GSTR-5?

GSTR-5 can be accessed on the GST Portal, post login in the Returns Dashboard by the taxpayer. The path is Services > Returns > Returns Dashboard

Is there any Offline Tool for GSTR-5?

No, there is no offline tool for GSTR-5

What are the pre-conditions for filing GSTR-5?

Pre-conditions for filing of GSTR-5 are:
1. Taxpayer should be registered as Non-Resident taxable person and should have a valid GSTIN.
2. Taxpayer should have valid User ID and password.
3. Taxpayer should have valid & non-expired / non-revoked Digital Signature Certificate (DSC) in case of Taxpayer for whom digital signing is mandatory such as Companies, LLP/FLLP, in other cases authentication of return can be done through EVC.

Is there an Electronic Cash Ledger/ ITC/ Tax Liability Register available for Non- Resident Taxpayer?

Yes, Electronic Cash Ledger/ ITC/ Tax Liability Register are maintained for Non- Resident Taxpayer also.

What actions can I take on invoice data auto populated in GSTR-5?

For invoice data received in GSTR-5, you can take following actions:
a. Accept
b. Reject
c. Pending for Action
Pending for action is not allowed in your last/ final return.

What happens after Form GSTR-5 is filed?

After Form GSTR-5 is filed:
• ARN is generated on successful submission of the Form GSTR-5 Return.
• An SMS and an email are sent to the taxpayer on his registered mobile and email id
• on successful submission of Form GSTR-6.
• Once the Form is submitted after affixing DSC or E-sign or EVC as the case may be, the Form is passed on to:
i. The CBEC (Central Board of Excise and Customs – the central tax authority)
ii. Tax authority of jurisdictional State or UT

What are the modes of signing GSTR-5?

You can file GSTR-5 using DSC or EVC.

Can I preview the Form GSTR-5 before submitting?

Yes, you can preview Form GSTR-5 before submitting on the GST Portal.

When can I claim the refund?

You can claim the refund from Electronic Cash Ledger in your last return only. Last return will be decided after considering the extended period of registration. Refund from Electronic Cash Ledger is allowed only if the liability register have zero balance across the major and minor heads.

Can I claim credit of taxes paid on import of services from outside India?

Nonresident taxpayer cannot claim credit on taxes paid on import of services from outside India.