New Update: Introduction of New tables 14A & 15A on GSTR-1/IFF w.e.f. Feb 2024

Table of Contents-

-Introduction -Analysis on Addition of Table 14A & 15A -Advisory on GSTR-1/IFF: Introduction of New 14A & 15A tables -Key Features -Impact of New Advisory of introduction of new tables of ECO-Documents in GSTR-2B -Conclusion

Introduction-

The new update on GSTR-1/IFF has introduced two new tables 14A & 15A. These tables target on capturing amendments related to supplies made through e-Commerce Operators (ECO). This article deals with the executions of these additions for taxpayers and ECOs.

Analysis on Addition of Table 14A & 15A-

Table 14A allows suppliers to amend details of original supplies reported in Table 14, related to transactions where ECO are liable to collect tax under section 52 or liable to pay tax under section 9(5) of the CGST Act 2017. The amendments made in this table will auto populate taxable values in GSTR-3B. Similarly, Table 15A allows ECOs to amend details of original supplies reported in Table 15 based on the type of supplier and recipient. The amendments in table 15 impact tax liabilities across various supply categories, with values auto-populated in GSTR-3B.

ECOs will have to add e-invoice records related to section 9(5) supplies in table 15 A manually, since there is no auto=population functionally. Moreover, reporting of debit or credit notes related to section 9(5) services is necessary in Table 9C of GSTR-1/IFF.

Advisory on GSTR-1/IFF: Introduction of New 14A & 15A tables-

As per Notification No. 26/2022 - Central Tax dated Dec 26, 2022, two new tables have been introduced in GSTR-1 to capture the details of improvements of supplies done via ECOs. Under section 52 or liable to pay tax u/s 9(5) of GST Act 2017, ECOs are liable to collect tax. These tables are live on GST common portal and will be available in GSTR-1/IFF from Feb 2024.

Table 14A- Amendment of supplies made via ECO in GSTR-1

The supplier can amend details of original supplies that has already been reported in original table 14. This table perpetuates under two sections given:

1. 14(a) Liable to collect tax u/s 52 (TCS)
2. 14(b) Liable to pay tax u/s 9(5)

Table 15A- Amendment of supplies u/s 9(5) in GSTR-1/IFF

ECO can amend the details of original supplies that has already been reported in original table 15. This table perpetuates under following four sections in earlier return periods:

1. Registered Supplier and Registered Recipient (B2B)
2. Registered Supplier and Unregistered Recipient (B2C)
3. Unregistered Supplier and Registered Recipient (URP2B)
4. Unregistered Supplier and Unregistered Recipient (URP2C)

Navigation Guideline to view table 14A/ 15A-

Dashboard > Selection of Period > Details of outward supplies of goods or services GSTR-1 > Prepare Online

Key Features-

1. Updated taxable values will be auto-populated from table 14A(b) to table 3.1.1(ii) of GSTR-3B.
2. There will be no auto-population of e-invoice in table 15A.
3. ECO will have to report amendment of debit or credit notes related to such services under u/s 9(5) in existing table of GSTR-1/IFF.

Impact of New Advisory of introduction of new tables of ECO-Documents in GSTR-2B-

For the sake of registered recipient who are making supplies through ECO, new table "ECO - Documents (Amendment)" has been added in GSTR-2B, where registered recipient can view amended document details of the supplies made via ECO. ECO is liable to pay tax under section 9(5) of Act.

Navigation Guideline to view ECO-Documents (Amendment) table-

Dashboard > Selection of Period > Auto-Drafted ITC statement for the month GSTR 2B > View

Navigation Guideline to view the records in ECO-Document (Amendment) table-

Dashboard > Selection of Period > Auto-Drafted ITC statement for the month GSTR 2B > View > ECO Documents (Amendment)

Conclusion-

A significant regulatory advisory aimed on increasing transparency and compliance in e-commerce transactions has been made by introducing table 14A & 15A in GSTR-1/IFF. Taxpayers and ECOs must familiarise themselves with these updates to ensure smooth reporting and compliance. Therefore, the impact of these changes on GSTR-3B and GSTR-2B underscores the need for proactive adaptation to evolve GST regulations. To sum up, we can state that by staying informed and executing necessary measures, stakeholders can navigate these alterations effectively and can contribute to a more sturdy GST system.