Term Foreign Non-resident Taxable Person under GST

Posted on 10 June 2022 Category : GST terms

Meaning of term Foreign Non-resident Taxable Person under GST

The details about Foreign Non-resident Taxable Person are explained here.

Foreign Non-resident Taxable Person:

“Foreign Non-resident Taxable Person” means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India;

Compliance for Foreign Non-Resident Tax Payers under GST:

Such taxpayers would be required to file the return in form GSTR 5 for the period for which they have obtained registration:

within a period of 7 days after the date of expiry of registration; or
to be filed monthly before 20th of the following month.

Special provisions relating to casual taxable person and non-resident taxable person

The certificate of registration issued to a casual taxable person or a non-resident taxable person shall be valid for the period specified in the application for registration or ninety days from the effective date of registration, whichever is earlier and such person shall make taxable supplies only after the issuance of the certificate of registration:

Provided that the proper officer may, on sufficient cause being shown by the said taxable person, extend the said period of ninety days by a further period not exceeding ninety days.

A casual taxable person or a non-resident taxable person shall, at the time of submission of application for registration under sub-section (1) of section 25, make an advance deposit of tax in an amount equivalent to the estimated tax liability of such person for the period for which the registration is sought:

Provided that where any extension of time is sought under sub-section (1), such taxable person shall deposit an additional amount of tax equivalent to the estimated tax liability of such person for the period for which the extension is sought

The amount deposited under sub-section (2) shall be credited to the electronic cash ledger of such person and shall be utilised in the manner provided under section 49.

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