What Is GSTR-5A?

Understanding GSTR-5A for GST Filing

GSTR-5A is an auto-drafted return generated for Non-Resident Foreign Taxpayers (NRFTs) who have been allocated a Tax Deduction and Collection Account Number (TAN) and have provided their services to a registered person in India. 

Key Features of GSTR-5A:

1. Auto-Generated Return:

GSTR-5A is an auto-generated return that NRFTs can view and verify on the GST portal. 

It is generated based on the details of supplies provided by the registered persons in their GSTR-7 return.

2. Details of Supplies Received:

GSTR-5A provides details of supplies received by the registered persons from NRFTs during a specific tax period.

3. Non-Resident Taxpayer Verification:

NRFTs are required to verify the details provided in GSTR-5A and confirm their correctness. 

They can make any necessary corrections or adjustments if required.

4. Matching with GSTR-7:

The details provided in GSTR-5A are reconciled with the GSTR-7 return filed by the registered persons to ensure accuracy and compliance.

5. Compliance Requirement:

GSTR-5A helps ensure compliance with GST regulations by providing a mechanism for reporting supplies received from NRFTs and verifying their correctness.

6. Facilitates Input Tax Credit (ITC) Claim:

Registered persons can claim Input Tax Credit (ITC) on the supplies received from NRFTs based on the details provided in GSTR-5A, subject to compliance with GST rules.

7. Transparency and Accountability:

GSTR-5A promotes transparency and accountability in the reporting and reconciliation of supplies received from NRFTs, enhancing trust in the GST system.

 Key Sections in GSTR-5A:

Part A: Basic details such as GSTIN, legal name, and trade name (if any) of the NRFT.

Part B: Details of supplies received by the registered persons from the NRFT during the tax period.

Part C: Verification and confirmation of the correctness of the details provided in GSTR-5A by the NRFT.

 Benefits of GSTR-5A:

Ensures Compliance: Helps NRFTs and registered persons comply with GST regulations by accurately reporting and reconciling supplies received.

Facilitates ITC Claim: Allows registered persons to claim ITC on supplies received from NRFTs, subject to compliance.

Transparency and Accountability: Promotes transparency and accountability in the GST system by providing a mechanism for reporting and verification of supplies received from NRFTs.