Quick Summary
Vide Notification No. 12/2024 Central Tax dated 10th July, 2024, the Government has reduced the threshold limit for reporting of invoice wise details of inter-state taxable outward supplies made to unregistered dealers from2.5 Lakh to 1 Lakhwhich needs to be reported in Table 5 of Form GSTR-1 and Table 6 of GSTR-5. In accordance with the new legal provisions, this change is currently under development on the portal and would be available to the taxpayers shortly. Further, till the time the f
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FAQ :
The threshold for reporting invoice-wise details of inter-state taxable outward supplies to unregistered dealers has been reduced from £2.5 lakh to £1 lakh.
This change affects Table 5 of Form GSTR-1 and Table 6 of GSTR-5.
The new functionality is currently under development and will be available to taxpayers shortly.
Until the functionality is available on the portal, businesses are advised to continue reporting invoice-wise details of taxable outward supplies to unregistered dealers where the value exceeds £2.5 lakh.
This advisory relates to inter-state taxable outward supplies made to unregistered dealers.
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