Explanation on how to fill Zomato/ swiggy/ ola/ booking.com/ urbanclap sale in GSTR 1 and GSTR 3B

Summary

This video clears up confusion regarding GST filing for e-commerce businesses, specifically addressing changes in tables 14 and 15 of the GST return. The speaker explains the distinction between Section 95 and Section 52 e-commerce operators, emphasizing that platforms like Zomato, Swiggy, and Airbnb are responsible for GST payments under Section 95. It clarifies that sales through these platforms should be reported in Table 14, not as turnover, and the proper way to fill GST returns. The advisory provides guidance to prevent errors and ensure compliance with GST regulations.

Takeaways

• 😀 E-commerce platforms under Section 95 (e.g., Zomato, Swiggy, OLA, Airbnb) are responsible for GST collection, not the individual sellers.
• 😀 Section 52 e-commerce platforms require the individual business to manage and report GST, not the platform itself.
• 😀 Sales from Section 95 platforms should be reported only in Table 14 of the GST return, not as part of the business turnover.
• 😀 Regular business sales should be reported in Tables 4–10 of the GST return.
• 😀 There is no need to include e-commerce sales in Table 8 anymore, as the new tables provide specific reporting fields for such transactions.
• 😀 The total turnover in the GST return does not include sales through Section 95 e-commerce platforms like Zomato and Swiggy.
• 😀 Businesses should follow the advisory issued regarding e-commerce sales reporting to avoid incorrect liability calculations.
• 😀 The HSN code should only be used to report regular business sales and not the sales conducted via e-commerce platforms.
• 😀 Failure to properly report e-commerce sales in Table 14 may result in double counting and discrepancies in the return.
• 😀 The GST liability will be correctly reflected in Table 3.1, showing the individual business's responsibility for GST payment.
• 😀 It's essential to follow the advisory issued for GST returns, especially when reporting e-commerce sales, to ensure compliance and accurate tax reporting.

Q & A

What is the main difference between Section 95 and Section 52 in GST for e-commerce?

Section 95 deals with e-commerce platforms like Zomato, Swiggy, and Ola, where the platform itself is responsible for collecting and remitting GST. Section 52, on the other hand, applies to specific e-commerce operators who need to handle the reporting and payment of GST for sales made through their platforms, where the liability for tax payment rests with the business or individual selling the goods or services.

Why is there confusion among GST filers regarding e-commerce sales reporting?

The confusion arises because the responsibility for reporting and paying GST varies depending on the type of e-commerce platform (Section 95 vs Section 52). Additionally, the guidance on which tables to use in the GST return (like Table 14 vs Tables 4-10) has led to misunderstandings about how to properly report sales and liabilities.

How should e-commerce sales from platforms like Zomato and Swiggy be reported in GST returns?

Sales made through platforms like Zomato, Swiggy, and similar e-commerce operators should be reported in Table 14 of the GST return. These sales are excluded from your total turnover but must still be disclosed as part of the GST filing process, ensuring that the correct liability is reflected in the return.

Can I report e-commerce sales in Table 14 and include them in my total turnover?

No, you should not include sales from platforms like Zomato and Swiggy in your total turnover. These sales are reported separately in Table 14 and are excluded from your turnover calculation because the e-commerce platform itself is responsible for paying the GST.

What should I do if the total turnover field shows incorrect amounts in my GST return?

If the total turnover field shows incorrect amounts, it's important to review whether you’ve incorrectly included e-commerce sales in the turnover. E-commerce sales from platforms like Zomato and Swiggy should only be reported in Table 14, not in the turnover section of the GST return.

Is it necessary to follow the advisory issued for e-commerce sales reporting?

Yes, it is crucial to follow the advisory as it provides clear instructions on how to correctly report sales made through e-commerce platforms. The advisory specifies which tables to use and clarifies how to report sales, ensuring that you comply with the latest GST guidelines.

What are the consequences of incorrectly reporting e-commerce sales in the wrong tables?

Incorrectly reporting e-commerce sales in the wrong tables can lead to errors in your GST return, potentially causing penalties or audits. For example, if you mistakenly include e-commerce sales in the turnover section, it may show inflated figures and create discrepancies in your tax liabilities.

Should I report e-commerce sales from Amazon, Paytm, or Airbnb the same way as Zomato and Swiggy?

Yes, e-commerce sales from platforms like Amazon, Paytm, and Airbnb should be reported in the same manner as Zomato and Swiggy. These sales should be disclosed in Table 14, with the e-commerce platform being responsible for remitting the GST. Your role is to report them separately, not include them in your total turnover.

What does the advisory say about reporting sales for businesses dealing with e-commerce platforms?

The advisory provides specific instructions for businesses dealing with e-commerce platforms, stating that only the sales made through platforms covered under Section 95 should be reported in Table 14. Other sales should be reported in Tables 4-10, and businesses must follow this to avoid confusion and ensure proper compliance.

How does the reporting of e-commerce sales affect the Taxable Supply (THB) in the GST return?

When e-commerce sales are correctly reported in Table 14, the Taxable Supply (THB) will be auto-populated based on the information provided in the return. The advisory confirms that these sales will not be included in the turnover but will still be considered in the liability section of the return, ensuring accurate tax reporting.