Insertion of Table 14A and 15A in GSTR-1/IFF
Insertion of Table 14A and 15A in GSTR-1/IFF
The Goods and Service Tax (GST) Portal has introduced two new tables, Table 14A and Table 15A, to the GSTR-1/IFF forms, aiming to streamline and simplify the amendment process for specific e-commerce transactions. These additions are designed to facilitate the smooth handling of amendments within the GST framework, particularly for e-commerce operations.
The tables are introduced to do amendment in specific E-commerce transactions.
Table 14A – Amended Supplies made through e-commerce operator (ECO) in GSTR-1 In this table, the supplier can amend the detail of supplies that he has previously reported in table 14 under below two sections in earlier return periods.
1. 14(a) Liable to collect tax u/s 52(TCS).
2. 14(b) Liable to pay tax u/s 9(5).
Table 15A – Amended Supplies u/s 9(5) in GSTR-1/IFF In this table, the e-commerce operator can amend the detail of supplies that he has previously reported in table 15 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).
Key factors: -
1. Amended taxable values will be auto-populated from table 14A(b) to Table 3.1.1(ii) of GSTR-3B.
2. Amended taxable value along with tax liabilities from all the four sections of table 15A i.e., B2B, B2C, URP2B and URP2C will be auto-populated to table 3.1.1(i) of GSTR-3B.
Navigating to Tables 14A and 15A: -
1. Table 14A & 15A
Returns Dashboard > Selection of Period > Details of outward supplies of goods or services GSTR-1 > Prepare Online
2. ECO-Documents (Amendment) table
Returns Dashboard > Selection of Period > Auto- drafted ITC Statement for the month GSTR 2B > View
These enhancements to the GST portal are part of ongoing efforts to improve the GST compliance experience, specifically addressing the complexities involved in e-commerce transactions. By simplifying the amendment process and providing clear pathways for corrections, the portal aims to ensure that tax liabilities are accurately reflected and easily managed.
Refer for more details: - https://tutorial.gst.gov.in/downloads/news/advisory_table14_15A_11.03.2024.pdf
Disclaimer: This material and the information contained herein is intended for clients and other Chartered Accountants to provide updates and is not an exhaustive treatment of such subject. We are not, by means of this material, rendering any professional advice or services. It should not be relied upon as the sole basis for any decision which may affect you or your business.
