{"id":19499,"date":"2020-11-17T11:57:00","date_gmt":"2020-11-17T06:27:00","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=19499"},"modified":"2025-02-15T17:31:01","modified_gmt":"2025-02-15T12:01:01","slug":"things-you-must-know-about-gstr-5-filing","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/things-you-must-know-about-gstr-5-filing\/","title":{"rendered":"Things you must know about GSTR-5 Filing: How to go about it?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">GSTR-5\nis a return form for the individual who is not an Indian national but\nregistered under GST.&nbsp; A summarized\nfiling form, GSTR-5 is needed to be provided with detailing of outward and\ninward supplies along with transaction details of a specific business for a\nnon-resident overseas taxpayer. <\/p>\n\n\n\n<p>The\noverseas non-resident taxpayer is the individual who doesn\u2019t have a business\nplace in India but supplying products in India for a relatively small period. <\/p>\n\n\n\n<p>In\nsuch a condition, the individual has to file a GSTR-5 form to address the tax liability.\nSection 5A under GSTR-5 allows the taxpayer to make changes in the details\nfiled earlier. GSTR-5 encloses a summary of details regarding the taxpayers.\nGoods imported, changes in the detail of imported goods, b2b supplies, total\ntax paid, liabilities, etc. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/things-you-must-know-about-gstr-5-filing\/#What_are_the_Attributes_of_GSTR-5_Form\" >What are the Attributes of GSTR-5 Form?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/things-you-must-know-about-gstr-5-filing\/#Who_should_file_GSTR-5\" >Who should file GSTR-5?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/things-you-must-know-about-gstr-5-filing\/#Due_Date_for_GSTR-5_Return_filing\" >Due Date for GSTR-5 Return filing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/things-you-must-know-about-gstr-5-filing\/#Interest_on_Late_GST_Payment_and_Penalty_for_Missing_the_GST_Return_Due_Date\" >Interest on Late GST Payment and Penalty for Missing the GST Return Due Date<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/things-you-must-know-about-gstr-5-filing\/#What_Detail_Needs_To_Be_Filed_In_The_GSTR-5_Form\" >What Detail Needs To Be Filed In The GSTR-5 Form?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/things-you-must-know-about-gstr-5-filing\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Attributes_of_GSTR-5_Form\"><\/span>What are the Attributes of GSTR-5 Form?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>The overseas taxpayers can be registered under GST via a\ntemporary registration for a particular period. <\/li>\n\n\n\n<li>This form serves the non-resident person carrying out\nbusiness activities in the country.<\/li>\n\n\n\n<li>The GSTR-5 form can be filed via a facilitation center or\nonline portal.<\/li>\n\n\n\n<li>The details of outward and inward supplies shall be provided\nin a single form.<\/li>\n\n\n\n<li>The filing GSTR-5 is done on monthly basis along with tax\n(including fees, penalty, interest) by the 20th of the subsequent month for a\nspecific tax period or within 7 days after the end of the validity period of\nregistration<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_should_file_GSTR-5\"><\/span>Who should file GSTR-5? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>The filing of the GSTR-5 return form is mandatory for the\ntaxpayers who is not an Indian national but registered under GST and engaged in\nthe supplies of OIDAR services (Online information &amp; database access or\nretrieval services) from another country to non-taxable individual in India. <\/li>\n\n\n\n<li>Such an individual is free to obtain a temporary\nregistration from the online GST portal and file returns for the supplies for a\nparticular tax period. The taxpayer seeking GSTR5 should not have a business\nplace in India. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Due_Date_for_GSTR-5_Return_filing\"><\/span>Due Date for GSTR-5 Return filing <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The due for GSTR-5 return filing is the 20th of the next succeeding month for a specific <strong><em>tax<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Tax\"><strong><em>[1]<\/em><\/strong><\/a><\/sup> period. Following is the rundown of the due date for filing GSTR-5 return:-<\/p>\n\n\n\n<ul>\n<li>October 2020 Return \u2013 20th November 2020<\/li>\n\n\n\n<li>September 2020 Return \u2013 20th October 2020<\/li>\n\n\n\n<li>August 2020 Return- 20th September 2020<\/li>\n\n\n\n<li>March \u2013 July 2020 Return- 31st August 2020<\/li>\n\n\n\n<li>February 2020 Return- 20th March 2020<\/li>\n<\/ul>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/gstn-enables-download-of-itc-invoice-details-of-table-8a-of-form-gstr-9\/\">GSTN enables Download of ITC invoice details of Table 8A of Form GSTR-9<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Interest_on_Late_GST_Payment_and_Penalty_for_Missing_the_GST_Return_Due_Date\"><\/span>Interest on Late GST Payment and Penalty for Missing the GST Return Due Date<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As\nper the GST council, in case of the late payment of tax, 18% charges would be\nimposed annually on the tax of GST. The aforesaid tax rate will be applicable\nfrom the due date until the tax has been paid to the fullest. The taxpayer\nfails to payout the GST taxes within the deadline will have to pay a\ncalculative tax rate from the date on which the due date has begun. <\/p>\n\n\n\n<p>In\ncase if a person fails to file the return within the aforementioned deadline,\nhe\/she has to pay a fine of Rs 50\/day (in case of tax liability) and Rs 20\/day\n(in case of Nil liability from the date when the returns are filed. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Detail_Needs_To_Be_Filed_In_The_GSTR-5_Form\"><\/span>What Detail Needs To Be Filed In The GSTR-5 Form?&nbsp; <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p> The GSTR-5 format encloses a variety of the details regarding the foreign taxpayer\u2019s outward &amp; inward supplies. These are as follows:  <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/Detail-Needs-To-Be-Filed-In-The-GSTR-5-Form.png\" alt=\"Detail Needs To Be Filed In The GSTR-5 Form\" class=\"wp-image-19538\" width=\"493\" height=\"493\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/Detail-Needs-To-Be-Filed-In-The-GSTR-5-Form.png 1000w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/Detail-Needs-To-Be-Filed-In-The-GSTR-5-Form-150x150.png 150w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/Detail-Needs-To-Be-Filed-In-The-GSTR-5-Form-300x300.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/Detail-Needs-To-Be-Filed-In-The-GSTR-5-Form-768x768.png 768w\" sizes=\"(max-width: 493px) 100vw, 493px\" \/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\">GSTIN<\/h3>\n\n\n\n<p>Here the taxpayers need to mention the PAN-based GSTIN number. GSTIN stands for Goods and Services Taxpayer Identification Number and it is a 15 digit code which is allotted to a individual under <a href=\"https:\/\/corpbiz.io\/gst-registration\" title=\"GST Registration\"><strong>GST registration<\/strong><\/a>. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Name of the Taxpayer<\/h3>\n\n\n\n<p>This\nfield includes the name of the taxpayers (who is also serving as an authorized\nsignatory under the GST law. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Address <\/h3>\n\n\n\n<p>The\nsection consolidates the information regarding the address that a taxpayer\nprovided for the registration. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Period of Return<\/h3>\n\n\n\n<p>The\nperiod of Return shows the timeline for which the taxpayer is filing the\nGSTR-5. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Goods Imported<\/h3>\n\n\n\n<p>Here,\nthe taxpayer needs to mention the detail of goods along with HSN codes that\nhave been imported into India. Apart from these detail, the taxpayer may also\nrequire to enclose some additional information such as a bill of entry in this\nparticular section. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Section 5A under GSTR-5<\/h3>\n\n\n\n<p>In\nthe view of section 5A under GSTR-5, the taxpayer is allowed to make changes in\nthe detail that was filed earlier. Taxpayers should attach the original copy of\nthe document to authenticate the changes made to the details. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Import of Services <\/h3>\n\n\n\n<p>This\nsection encloses the detail of services that were received by the taxpayers\nfrom the overseas suppliers who are taxable under GST. In Section 6A of the\nGSTR-5, the taxpayer is allowed to make changes in the detail of services\nimported during the tax periods. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Outward Supplies made<\/h3>\n\n\n\n<p>Here,\nthe taxpayer needs to submit the details of sales and outward supplies that\nhave been made during the period of this tax return. While addressing such a\nrequirement, make sure to mention the details of the entire buyer having\nGSTINs. Also, the taxpayer needs to keep eyes on a different component of GST\nsuch as CGST, SGST, and IGST.<\/p>\n\n\n\n<p>In\nsection 7A of the GSTR-5, the taxpayer can make changes to the sale or outward\nsupplies detail that has been previously filed. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Details of Credit\/Debit Notes <\/h3>\n\n\n\n<p>Here,\nthe taxpayer needs to enclose the details of all the credit and debit notes\nrose on account of business transactions that the taxpayer has carried out in\nIndia. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Section 8A of GSTR<\/h3>\n\n\n\n<p>Section\n8A of GSTR allows the taxpayer to do modification in the detail of credit\/debit\nnotes filed previously. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Tax Paid<\/h3>\n\n\n\n<p>The\nsection seeks the information regarding tax paid for the tax period as per\ndifferent GST components such as CGST, SGST, and IGST. The tax owed by the\ntaxpayer can be calculated by the data as per the above sections. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Closing Stock of Goods<\/h3>\n\n\n\n<p>Closing\nStock is a price of unsold stock lying down in any business on a given date. In\nshort, it&#8217;s the inventory which is still in your business coming up to be sold\nfor a given period of time. Here, the taxpayer ought to mention the detail of\nthe closing stock for the tax period. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Refund Claimed from Cash Ledger<\/h3>\n\n\n\n<p>The\nsection consolidates the information of all refunds that a taxpayer received\ninto the bank account via electronic cash ledger. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>GSTR-5\nform allows non-resident taxpayers to file a return on supplies made previously\nto the taxable person in India.&nbsp; The form\nis available on the GST portal in the downloadable format. With GSTR-5 form in\nplace, that government can curb the tax evasion activities occur outside the\nboundaries of the country. <\/p>\n\n\n\n<p><a href=\"https:\/\/corpbiz.io\/gst-return-filing\" title=\"GST return filing\"><strong>GST return filing<\/strong><\/a> procedure could be tedious at times and in that case you might need someone to avert complexities. At <a href=\"https:\/\/corpbiz.io\/\"><strong>CorpBiz<\/strong><\/a>, we try our best to render best in class services to the client who are dealing with filing issues. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/online-gst-return-filing-procedure-types-due-date-and-penalty\/\">GST Return Filing Procedure \u2013 Types of GST Returns, Due Date and Penalty<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GSTR-5 is a return form for the individual who is not an Indian national but registered under GST.&nbsp; A summarized filing form, GSTR-5 is needed to be provided with detailing of outward and inward supplies along with transaction details of a specific business for a non-resident overseas taxpayer. The overseas non-resident taxpayer is the individual [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":19566,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[1209],"acf":{"service_id":"96"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":3699,"readingTime":5,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/19499"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=19499"}],"version-history":[{"count":6,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/19499\/revisions"}],"predecessor-version":[{"id":68741,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/19499\/revisions\/68741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/19566"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=19499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=19499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=19499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}