New Tables 14 & 15 Added in GSTR-1 | Updates on GSTR-1 Changes

Effective January 2024, the Goods and Service Tax Network (GSTN) shook things up for e-commerce operators (ECOs) with the outline of Tables 14 & 15 in GSTR-1. India's e-commerce sector is booming, with more and more businesses selling online.

To keep up with this growth and ensure smooth GST compliance, the GSTN introduced two new changes and extra tables 14 and 15 in GSTR-1 in January 2024. These tables are designed to simplify e-commerce business broadcasting, eliminate discrepancies, and make acquiescence cooler for both suppliers and e-commerce operators (ECOs). Let's dive right into the new changes and see how these new benches can benefit your business.

GSTR 1 Table 14 – Supplies Made Through E-Commerce Operators

In this table, the suppliers are essential to report the transactions/ supplies done by the E-commerce operator. These are amassed values for Sec 52 and Sec 9(5) of the CGST Act.

For Table 14 (a) – The supplier is compulsory to report in this section a summary of supplies made through ECO, characterized by ECO-GSTIN, on which ECO is obligated to collect Tax at Source (TCS). Any liabilities already described in tables 4 to 10 of GSTR-1 must also be included. It's important to note that no reflex population of taxable value or tax liabilities from this table to GSTR-3B will occur. Any adjustments should be recorded in 14A(a).

For Table 14 (b) – In this section, the supplier is required to provide a summary of the supplies made through ECO for which ECO is accountable for paying tax under section 9(5).

It's important to note that ECO, not the supplier, must settle the tax on these supplies. The reported values should be net of any credit/debit notes. Table 3.1.1(ii) of GSTR-3B will automatically fill these values. Any needed amendments should be reported in 14A(b).

GSTR 1 Table 15 – Supplies under Section 9(5) of the CGST Act

In this table, the E-commerce worker needs to report supplies on which the e-commerce operator needs to pay tax beneath sec 9(5) of the CGST Act.

E-commerce operators (ECOs) have distinct broadcasting obligations based on the nature of transactions. For supplies involving recorded suppliers and registered recipients (B2B), ECOs must furnish detailed data at the invoice level. On the other hand, transactions between registered suppliers besides unregistered recipients (B2C) necessitate supplier-level details, including the point of stock (POS) and rate-wise information.

In a separate category, ECOs must report document-level details for materials from unregistered suppliers to recorded recipients (URP2B). Finally, for supplies from unregistered suppliers to unregistered receivers (URP2C), ECOs are tasked with reporting point of supply and rate-wise details.

All reported standards will auto-populate in Table 3.1.1(i) of the corresponding GSTR-3B, with associated liabilities to be stable by ECOs in GSTR-3B in cash. Amendments are to be testified in Table 15A(I) & 15A(II).

Introducing GSTR-1 Tables 14 & 15

The introduction of Tables 14 and 15 in GSTR-1 in January 2024 has brought in a welcome change. These dedicated tables definitely address Section 9(5) supplies, eliminating the need for manual entry and safeguarding accurate auto-population of Table 3.1.1 of GSTR 3B. This not only enhances reporting accuracy but also fosters better transparency and simplifies compliance obligations for all stakeholders. In addition to GSTR 3B auto computation, new pieces will be introduced in GSTR 2B as well.

Introduction of new table ECO-Documents in GSTR-2B

Taxpayers are also being provided a facility to pass input tax credit (ITC) to the recorded taxpayers who are receiving the supplies u/s 9(5) through ECO. Such ITC will be accessible to the registered recipient in the newly introduced section in GSTR-2B. A new table, "ECO – Documents," is being added under all other ITC sections in GSTR-2B.In this table, the registered recipient can view the file details of the supplies received through the e-commerce operator on which the e-commerce operative is liable to pay tax under section 9(5) of the Act.

The values will be auto-populated from the Registered Supplier and Registered Receiver (B2B) and Unregistered Supplier and Registered Recipient (URP2B) piece of table 15 to this new ECO – Documents table of GSTR-2B.

Conclusion

The introduction of Tables 14 and 15 in GSTR-1 marks an important step towards simplifying e-commerce GST compliance for both E-comm workers and suppliers. By embracing these changes and updating systems, besides ensuring staff training, businesses can reap the benefits of streamlined reporting, enhanced photography, and reduced compliance burdens. As the e-commerce landscape evolves, staying knowledgeable about future GST developments will be crucial for sustained success. Remember, embracing active adaptation is key to thriving in the ever-changing world of GST.

FAQs

What is the 14 column in Gstr 1?

GSTR 1 Table 14 – Supplies Made Through E-Commerce Operators. - In this table, the suppliers need to list the transactions/ supplies through the e-commerce operative. These are aggregated values for Sec 52 and Sec 9(5) of the CGST Act.

What are the new tables 14 and 15 in Gstr 1?

The government has familiarized itself with new tables 14 and 15 for reporting in GSTR-1 from January 24 onwards. These tables are to be occupied only by suppliers supplying through E-commerce operators and also by the E-commerce operatives (ECO) paying tax under section 9(5) of the CGST Act in their GSTR-1.

What is the rule 14 of GST?

Rule 14 – Grant of registration to a person providing online information and database access or retrieval services from a place outside India to a non-taxable online recipient or to a person supplying online money gaming from a place outside India to a person in India.

What is the turnover limit for Gstr 1?

If a business's twelve-monthly revenue in the previous or current year surpasses 1.50 crore on a monthly basis, it must submit GSTR-1. The goal for the current month's GSTR-1 filing is the 11th day of the subsequent month, with a turnover of less than Rs. 1.5 Crore has the option to file GSTR-1 on a quarterly basis.

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