Difference between GSTR1 and GSTR 5
What is GSTR1 and GSTR 5? How does GSTR1 differ from GSTR 5?
GSTR 1 is month to month Statement of Outward supplies of Goods or Services documented by enrolled individual. The GSTR 5 is Monthly Return for a non-inhabitant citizen.
GSTR 1 must be recorded documented on tenth day of month, while GSTR 5 is documented on twentieth of the month succeeding the assessment time frame and inside 7 days after expiry of enlistment.
GSTR 1 must be recorded each citizen aside from Composition Scheme citizens, Non-Resident Foreign citizens, TDS deduct or, E business Operators and Input Service Distributors as there are separate returns for them. Be that as it may, GSTR 5 is documented by Nonresident Tax Payer.
Details about GSTR 5and GSTR1 mentioned in this web blog. You may click below links for details about GSTR1 and GSTR 5:
How does GSTR 5 work under GST returns?
How does GSTR1 work under GST return filing?
This post clarifies in a nutshell about contrast between GSTR 5and GSTR1.
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