The Government of India has issued a key advisory following the recent amendment under Notification No. 12/2024 – Central Tax, dated 10th July 2024, which reduces the threshold limit for reporting inter-state taxable outward supplies to unregistered dealers.
The limit for reporting invoice-wise details of such supplies was reduced from ₹2.5 lakh to ₹1 lakh, impacting how businesses file their GSTR-1 and GSTR-5 returns.
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According to the notification, this reduction in the threshold will require taxpayers to provide detailed invoice-wise data for all inter-state supplies to unregistered dealers exceeding ₹1 lakh in value. These details must be reported in Table 5 of Form GSTR-1 and Table 6 of GSTR-5.
However, the advisory clarifies that this change is currently being implemented in the Goods and Services Tax ( GST ) portal and will be available for taxpayers soon. In the interim, taxpayers should continue reporting inter-state taxable outward supplies to unregistered dealers that exceed the previous threshold of ₹2.5 lakh. These should be filed in Table 5 of GSTR-1 for regular taxpayers and Table 6 of GSTR-5 for non-resident taxable persons.
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The updated functionality, once made available on the GST portal, will ease the reporting process and align it with the revised threshold requirements. Businesses are advised to stay updated with further announcements on the operationalization of this change and Taxpayers are encouraged to regularly monitor updates on the GST portal for further instructions.
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