28 July 2021
ASMT 10 received re mismatch of ITC credit between GSTR 2A and GSTR 3B However there is difference between ITC Credit as per GSTR 2A and auto populated figure as per 8 (A) of GSTR 9 Figure as per 8 (A) of GSTR 9c is more than GSTR 2A My question is what can be reasons for this difference and which figure needs to be taken for mismatch of ITC credit ?
06 July 2024
The differences between ITC credit figures as per GSTR-2A, GSTR-3B, and GSTR-9C (specifically 8A) can arise due to several reasons, and understanding these differences is crucial for resolving the mismatch during assessment. Here are some potential reasons for the differences:
1. **Timing Differences**: GSTR-2A reflects the ITC available as per the invoices uploaded by your suppliers, whereas GSTR-3B reflects the ITC claimed by you in your monthly returns. These may not always match due to timing differences in uploading invoices and claiming credits.
2. **Input Tax Credit (ITC) Reversals**: You may have reversed some ITC due to mismatches or non-availability of requisite documents, which would reduce the amount of ITC available as per GSTR-3B compared to GSTR-2A.
3. **Adjustments and Amendments**: Amendments to invoices, adjustments for debit notes, credit notes, and other adjustments made in subsequent returns may cause discrepancies between GSTR-2A and GSTR-3B.
4. **Annual Return Adjustments**: GSTR-9C (8A) includes additional adjustments made while reconciling figures for the entire financial year. These adjustments may include corrections or adjustments not reflected in monthly returns (GSTR-3B).
When resolving a mismatch of ITC credit, it's essential to reconcile these figures carefully:
- **For Assessment**: Typically, the figure as per GSTR-2A is compared with GSTR-3B to identify any discrepancies. If there is a mismatch, adjustments may need to be made in subsequent returns to reconcile these figures.
- **For GSTR-9C**: The figure in 8A of GSTR-9C includes additional adjustments made while preparing the annual return, which may differ from GSTR-2A due to amendments, reversals, or other adjustments made during the year.
To address the specific issue: - Review the discrepancies between GSTR-2A and GSTR-3B. - Check for any amendments or adjustments in subsequent returns that could explain differences. - Verify the figures in GSTR-9C (8A) to understand additional adjustments made during the annual return filing process.
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