Quick Summary
The GSTN (Goods and Services Tax Network) has introduced two pivotal tables in GSTR-1, effective from January 2024 onwards. These tables, namely Table 14 and Table 15, are specifically crafted to streamline the reporting process for taxable outward supplies made through e-commerce operators and supp
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FAQ :
The new tables introduced in GSTR-1 are Table 14, for supplies made through e-commerce operators, and Table 15, for supplies under Section 9(5) of the CGST Act.
These new tables are effective from January 2024 onwards.
Table 14 is for businesses to detail their taxable outward supplies that were facilitated by e-commerce operators, enhancing transparency in reporting.
Table 15 is for reporting taxable outward supplies where the e-commerce operator is liable to pay tax under Section 9(5) of the CGST Act.
The introduction of Tables 14 and 15 in GSTR-1 aligns with GSTR-3B reporting, specifically Table 3.1.1, enabling accurate auto-filling and easing compliance.
The modifications allow businesses to seamlessly report and reconcile e-commerce transactions, ensure accurate auto-filling of GSTR-3B, and improve overall compliance and transparency.
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