Advisory on Introduction of New Tables 14 and 15 in GSTR-1

Table 14(a) is for supplies where the ECO collects tax under section 52 of the GST Act. This section applies to supplies made through an ECO to unregistered persons.

Table 14(b) is for supplies where the ECO is liable to pay tax under section 9(5) of the GST Act. This section applies to supplies made through an ECO to registered persons where the ECO is the recipient of the goods or services.

Table 15 is for supplies where the ECO is liable to pay tax under section 9(5) of the GST Act. There are different sections in table 15 depending on whether the supplier and recipient are registered or unregistered.

The taxable value and tax liabilities from table 15 will be auto-populated to table 3.1.1(i) of GSTR-3B. ECOs will need to file their GSTR-3B in cash.

Registered recipients of supplies under section 9(5) will be able to claim input tax credit (ITC) in a new table called ECO-Documents in GSTR-2B.

Implications for Taxpayers

Taxpayers who supply goods or services through an ECO will need to ensure that they are aware of the new tables and how they apply to their supplies. They will also need to make sure that their accounting systems are up-to-date so that they can accurately report their supplies in GSTR-1.

ECOs will need to register with the GST Department and start filing GSTR-3B returns. They will also need to keep records of the supplies they make through their platform so that they can accurately report their tax liabilities.

Conclusion

The introduction of new tables 14 and 15 in GSTR-1 is a significant change for taxpayers who supply goods or services through an ECO. Taxpayers and ECOs will need to make sure that they are aware of the new requirements and how they apply to them.