The GST department, keeping in mind the interests of taxpayers, frequently amends various rules, regulations, and limits. Updates regarding these amendments are generally made available on the portal.
Among the different amendments suggested under Notification No. 12/2024, dated 10th July 2024, one notable change was the reduction in the threshold limit for reporting invoice-wise details of inter-state taxable outward supplies made to unregistered dealers (B2CL) from ₹2.5 lakh to ₹1 lakh. These details are required to be reported in Table 5 of Form GSTR-1 and Table 6 of GSTR-5. This change was supposed to be applicable on the portal from 1st August 2024.
As the GSTR-1 filing for August 2024 is approaching, taxpayers have expressed concern over the fact that this facility has not yet been updated in Table 5 on the GST portal. To address these concerns, the GST department issued an advisory dated 3rd September 2024.
The advisory specifies that the change mentioned in Notification No. 12/2024 is currently under development on the portal and will be made available to taxpayers shortly. Until this facility is implemented, taxpayers are advised to continue reporting the invoice-wise details of taxable outward supplies to unregistered dealers as per the previous rules, prior to the amendment.
Attached below is the notification:
The delay in updating the GST portal for the changes introduced in Notification No. 12/2024, reducing the threshold for reporting inter-state supplies, has caused confusion among taxpayers. While the GST department’s advisory dated 3rd September 2024 provides temporary relief by allowing businesses to follow the old rules, the situation highlights a recurring issue with the system’s readiness. Timely integration of policy changes into the portal is crucial for seamless compliance. This delay underscores the need for better coordination between regulatory updates and their technological implementation to ensure a smoother experience for taxpayers – JSPCO
