“Simplified Steps: Understanding GSTR-1/IFF’s Tables 14 and 15”

Introduction:

The ever-evolving landscape of Goods and Services Tax (GST) in India has brought forth a new advisory – Notification No.: 26/2022 – Central Tax dated December 26, 2022. This advisory sheds light on the introduction of Tables 14 and 15 in the GSTR-1/IFF (Invoice Furnishing Facility), impacting businesses involved in E-Commerce transactions or liable to pay tax under Section 9(5) of the GST Act.

Unpacking the Purpose:

The primary purpose of this advisory is to equip taxpayers, specifically those dealing with E-Commerce operations, with a comprehensive understanding of the newly introduced Tables 14 and 15 in FORM GSTR-1 and IFF. These tables are crucial for those who either supply through E-Commerce operators (ECO) or are themselves liable to pay tax under Section 9(5) of the GST Act.

Overview of Tables 14 and 15:

As outlined in Notification No. 26/2022 – Central Tax dated December 26, 2022, Tables 14 and 15 have been incorporated into GSTR-1 to capture detailed information regarding supplies made through E-Commerce operators. These tables are particularly relevant for transactions where E-Commerce operators are liable to collect tax under section 52 of the Act or liable to pay tax under Section 9(5). These tables became active on the GST common portal from the January-2024 tax periods onwards.

Table-wise Details:

Table 14: Details of Supplies made through ECO with TCS Liability

(a) Reporting supplies on which ECO is liable to collect tax.

(b) Reporting supplies on which ECO is liable to pay tax u/s 9(5).

Table 15: Details of Supplies made through ECO with Tax Liability under Section 9(5)

Reporting by ECO on B2B, B2C, URP2B, and URP2C transactions.

Auto-population of values in Table 3.1.1(i) of GSTR-3B.

Other Salient Features:

Taxable values and tax liabilities from Tables 15 (B2B, B2C, URP2B, URP2C) auto-populated to Table 3.1.1(i) of GSTR-3B.

No auto-population of e-invoice in Table -15; E-commerce operators advised to add records related to 9(5) supplies manually.

Step-by-Step Reporting Guide:

Accessing Tables 14 and 15 in GSTR-1/IFF.

Detailed steps for reporting in Table 14(a), 14(b), and different sections of Table 15.

Introduction of ECO-Documents in GSTR-2B:

Facility for taxpayers to pass ITC to registered recipients receiving supplies u/s 9(5) through ECO.

A new table “ECO – Documents” added under all other ITC sections in GSTR-2B.

Auto-population of values from Table 15 (B2B and URP2B) to ECO – Documents table in GSTR-2B.

Conclusion:

This comprehensive advisory aims to demystify the complexities surrounding Tables 14 and 15 in GSTR-1/IFF. By understanding and effectively navigating these changes, businesses can ensure smooth compliance with the latest GST regulations, fostering transparency and accuracy in their tax reporting.

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