The Goods and Services Tax Network (GSTN) issued the advisory on 27th October 2023 unveiling the important changes in the Goods and Services Tax Returns (GSTR) 5A.
The advisory states as follows:
“Notification 51/2023 dated 29.09.2023 has introduced Table 5B in GSTR 5A w. e. f 01.10.2023. In this notification, Table 5B has been introduced to report supplies made to Registered GSTINs (B2B supplies). This would be implemented shortly at GSTN and till such time, OIDARs are advised to file the return in the existing GSTR 5A itself.”
The GSTN has advised all OIDARs to file the returns in the existing GSTR 5A itself till the implementation of Table 5B as notified by the Central Government.
GSTR 5A
Form GSTR-5A is a return to be furnished by Online Information and Database Access or Retrieval (OIDAR) services provider, of the services provided to non-taxable persons, from a place outside India to a person in India.
Non-Resident OIDAR services provider needs to file return in Form GSTR-5A. Filing of return is mandatory. Form GSTR-5A needs to be filed even if there is no business activity (i.e. it is a Nil Return) for a tax period. However, vide notification no. 51/2023 dated 29.09.2023 has introduced a new Table 5B where they can report the supplies made to registered GSTINs i.e. B2B supplies.
GSTR 5 is submitted by Non-Resident Indians (NRIs) and must be filed by the 20th of the following month. It encompasses comprehensive information on sales and purchases. On the other hand, GSTR 5A is a return form specifically designed for NRI online service providers, or Online Information and Database Access or Retrieval (OIDAR) service providers. These providers deliver their online services in India and generate revenue from these services.
Available modes of preparing Form GSTR-5A
Form GSTR-5A can be prepared using either of the following modes:
Pre-requisites for filing Form GSTR-5A
Pre-requisites for filing Form GSTR-5A are:
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