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GSTN Advisory on IFF or GSTR-1 New 14 & 15 tables

gstr-1-new-14-and-15-tables

GSTN Advisory on IFF or GSTR-1 New 14 & 15 tables

The GSTN Advisory on Invoice Furnishing Facility or GSTR-1 : Update on introduction of New 14 & 15 tables

This GST Advisory provides clarification on disclosure in cases such as:

✅ Where Supplier is GST Registered, but recipient is not

✅ Where Supplier & recipient are GST registered

✅ Where both supplier & recipient are unregistered person

✅ Where recipient is GST registered Taxpayer, but GST supplier is not

Moreover that, GST values shown by E-commerce operators in GSTR -1 Table 15 would be auto-populated in Table 3.1.1(i) of GSTR-3B. This change in due to GSTN Advisory on Invoice Furnishing Facility or GSTR-1ensures reconciliation between GSTR-1 & GSTR -3B.

New Advisory on introduction of GSTR-1 in Tables 14 & 15 by GSTN

Details about the New Advisory on introduction of GSTR-1 in Tables 14 & 15 by GSTN on Invoice Furnishing Facility or GSTR-1

  • According to the GSTN Notification No. 26/2022 –2 New tables Table 14 & 15 were added in GSTR-1.
  • To capture details of the GST supplies made via e-commerce operators on which e-commerce operators are liable to collect tax under section 52 of the Act or liable to pay tax under section 9(5).
  • These GSTR-1 tables have now been made live on GST common portal. These 2 New Tables will be available in GSTR-1/ Invoice Furnishing Facility from January-2024 tax periods onwards.
  • Values will be auto populated from Unregistered Supplier and Registered Recipient (URP2B) & Registered Supplier and Registered Recipient (B2B) section of table 15 to this new e-commerce operators – Documents table of GSTR-2B.
  • To view the records in e-commerce operators -Documents table, GST Taxpayer can navigate to Returns Dashboard > Selection of Period > Auto- drafted Input tax credit Statement for month GSTR 2B > View > e-commerce operators Documents.

Please check click here for the complete GST Advisory

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