Introduction: In a significant stride towards simplifying tax compliance, the GST portal has introduced a groundbreaking feature in GSTR 1, unveiling specific tabs for reporting sales made through electronic e-commerce portals. Prior to this update, reporting E-commerce Operator (ECO) details was confined to Tables 4 and 5. The introduction of Tables 14 and 15 now provides a streamlined mechanism to report such transactions. Effective from January 2024, this article delves into the implications of the new tabs, guiding taxpayers on incorporating necessary changes in their ERPs for accurate GSTR 1 filing.
In GSTR 1, there was always an option to report E commerce operator (ECO) details in Table 4 which captures sales made to registered parties and in Table 5 which captures sales of unregister large supplies (B2CL). However, there could not be any facility to report E commerce details in such table till the time.
Now the GST portal has enabled to report such details through a separate tab incorporated in GSTR -1 i.e., Table 14 and 15.
Such tables are reflecting on GST portal in GSTR 1 return tab w.e.f. Jan 2024.
Thus, the taxpayers can incorporate the needful changes in their ERPs to file the relevant details in GSTR 1 accordingly. Relevant information to be reported in such tabs are mentioned below: –
Table 14 is for taxpayer where he will declare the supplies made by him through ECO in both case where taxpayer is liable to pay taxes and, where the ECOs are liable to pay taxes.
Following details needs to be reported in Table 14: –
- GSTIN of E-commerce operator(s)
- Net value of supplies
- Taxes- IGST/ CGST and SGST, Cess (if any)
Whereas Table 15 is for ECO where he will declare the supplies on which ECO are liable to tax u/s 9(5), the same is categorized as below: –
Registered to Registered– in such cases, it will capture the details of sales made by a registered taxpayer to registered taxpayers: –
- Whether deemed export or not
- Supplier and Recipient GSTIN/ UIN
- Document No and date
- Place of Supplies
- Taxable value
- Tax Rates
- Taxes- IGST/ CGST and SGST, Cess (if applicable)
Registered to Unregistered– In this, it will capture the details of sales made by registered taxpayers to unregistered taxpayers: –
- Supplier GSTIN/ UIN
- Place of Supplies
- Taxable value
- Tax Rates
- Taxes- IGST/ CGST and SGST, Cess (if applicable)
Unregistered to Registered– In this, it will capture the details of sales made by unregistered taxpayers to registered taxpayers: –
- Whether deemed export or not
- Recipient GSTIN/ UIN
- Document No and date.
- Place of Supplies
- Taxable value
- Tax Rates
- Taxes- IGST/ CGST and SGST, Cess (if applicable)
Unregistered to Unregistered– In this, it will capture the details of sales made by unregistered taxpayers to unregistered taxpayers: –
- Place of Supplies
- Taxable value
- Tax Rates
- Taxes- IGST/ CGST and SGST, Cess (if applicable).
Conclusion: The introduction of dedicated tabs in GSTR 1 for reporting e-commerce sales marks a progressive leap in GST compliance. Taxpayers now have a more efficient and tailored avenue to report intricate details related to E-commerce transactions. This enhancement not only ensures compliance with tax regulations but also streamlines the reporting process, fostering transparency and accuracy. Taxpayers are encouraged to embrace these changes, incorporating them into their ERPs to navigate the evolving landscape of GST filing seamlessly.
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