GST (Goods and Services Tax) is one indirect tax for the whole nation. It is the resultant tax after subsuming major Central and State indirect taxes. GST is a destination-based tax levied on the consumption of goods and services across the nation, thus rendering the country one unified common market.
• GSTN has introduced new changes in GSTR-1.
• Two new Tables -14 and 15 have been added to GSTR-1.
• Table 14 – Supplies made through E-Commerce Operators (In this table, taxpayers can add details of taxable outward supplies made through e-commerce operator.)
• Table 15 – Supplies under Section 9(5) of the CGST Act [In this table, taxpayers can add details of taxable outward supplies on which the E-Commerce Operator is liable to pay tax under Section 9(5)].
• Till now, GSTR-1 was not having specific tables for reporting these transactions separately. As a result, Table 3.1.1 in GSTR-3B was not auto-filled due to the absence of corresponding reporting sections.
• W.e.f. January 2024, GSTR-1 has introduced Tables 14 and 15 specifically designed for reporting supplies on which E-Commerce Operators are liable to pay tax.
• This modification ensures accurate auto-filling of Table 3.1.1 in GSTR-3B for both, suppliers and e-commerce operators.
• In GSTR – 3B, Table 3.1.1 addresses supplies notified under Section 9(5) of the CGST Act, 2017. This table requires suppliers and E-Commerce Operators (ECOs) to separately report supplies on which the E-commerce Operator is liable to pay tax.
• This will be effective from January, 2024.