New Delhi: GSTN (Goods and Services Tax Network) has released a comprehensive advisory regarding the introduction of two new sections, Table 14, and Table 15, in the GSTR-1 form for reporting outward supplies. The objective is to provide clarity to taxpayers regarding the inclusion of Table 14 and Table 15 in IFF and FORM GSTR-1.
These new sections specifically apply to taxpayers who engage in supply via ECO (E-Commerce Operators) or need to pay tax under the 9(5) Section, of the GST Act.
According to 26/2022 Notification Number-Central Tax (26th Dec’22), Table 14 and Table 15 were incorporated in GSTR-1 to enter supply details that were made via ECOs on which the operators are responsible for tax collection u/s 52 or are deemed to pay the tax under the 9(5) sections.
These newly added sections are now operational on the common GST portal and will be applicable in GSTR-1/IFF starting the January 2024 tax period.
Below is a detailed description of the newly introduced sections in GSTR-1 form, in a tabular format: