07 February 2022
From Apr 20-Sep20-Gross ITC-Rs1000 and Discount-Rs.100 i have shown in Table 4(A)=Rs.900 (1000-100) From Oct 20-Mar 2021-Gross ITC-Rs.2000 and Discount-Rs.500 i have shown in Table 4(A)-2000 and Table 4(B)-Rs.500 (Reason being from oct 20 onwards System computed 3B depicted CDNR fig in such a way so i adopted such presentation like showing reversal under Table 4(B))
Now my query is in Annual return GSTR9 now how to present such data?
Method 1:- Table 6-Rs.2900 and under Table 7-Rs.500 Method 2:-Table 6-Rs.3000 and Table 7-Rs.600
09 July 2024
For presenting ITC and reversals in the Annual Return GSTR-9, you need to ensure that the information is reported accurately and in line with the instructions provided by the GST authorities.
Given your scenario:
- **From Apr 20-Sep 20**: Gross ITC = Rs. 1000, Discount = Rs. 100, Net ITC in Table 4(A) = Rs. 900 - **From Oct 20-Mar 21**: Gross ITC = Rs. 2000, Discount = Rs. 500, Net ITC in Table 4(A) = Rs. 2000, and reversal in Table 4(B) = Rs. 500
According to the GST guidelines, you should report the gross ITC availed in Table 6 and the total reversals in Table 7. Therefore, Method 2 is the correct approach.
- **Table 6** (ITC Availed During the Financial Year): Rs. 3000 - This includes the total gross ITC availed during the financial year (Rs. 1000 from Apr-Sep and Rs. 2000 from Oct-Mar).
- **Table 7** (ITC Reversed or Ineligible ITC): Rs. 600 - This includes the total reversals (Rs. 100 from Apr-Sep and Rs. 500 from Oct-Mar).
### Example Entries: - **Table 6A**: Total ITC availed in 3B (Total of all 3B returns filed for the year). - This should reflect Rs. 3000. - **Table 6B** to 6M**: Breakup of ITC availed (e.g., import of goods, import of services, inward supplies from SEZ, etc.). - Breakup as per the nature of ITC availed. - **Table 7A** to 7H**: ITC reversed as per Rule 37, Rule 39, Rule 42, Rule 43, and other reversals. - Show Rs. 600 here as the total reversals.
Ensure that the totals match the amounts declared in your GSTR-3B returns and reconcile with your books of accounts to avoid discrepancies.
### Steps to Follow:
1. **Calculate the Total ITC Availed**: - Sum up the gross ITC availed throughout the year. - Gross ITC = Rs. 1000 (Apr-Sep) + Rs. 2000 (Oct-Mar) = Rs. 3000.
2. **Calculate the Total ITC Reversed**: - Sum up all the reversals made during the year. - Total Reversals = Rs. 100 (Apr-Sep) + Rs. 500 (Oct-Mar) = Rs. 600.
3. **Report in GSTR-9**: - **Table 6**: Enter the total gross ITC availed (Rs. 3000). - **Table 7**: Enter the total ITC reversed (Rs. 600).
By following Method 2, you align with the GST return filing requirements, ensuring transparency and accuracy in your annual return.
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