GSTR-9 AND ITC REVERSE AND RECLAIM
This query is : Resolved
11 December 2024
Respected sir,
i have done itc reverse in gstr-3b of jan2024 and reclaim in feb2024 my input as per books 10000
i claimed in gstr-3b 11000 reverse 1000 and reclaim1000 net itc availed 10000
please advice me how to treat this in gstr-9
i have done itc reverse in gstr-3b of jan2024 and reclaim in feb2024 my input as per books 10000
i claimed in gstr-3b 11000 reverse 1000 and reclaim1000 net itc availed 10000
please advice me how to treat this in gstr-9
15 December 2024
Table 6: You would report the total ITC availed as ₹11,000 (since this was the initial claim in GSTR-3B), but you'll also adjust for the reversal and reclaim to show the net ITC availed as ₹10,000.
Table 7: Report the reversal of ₹1000 in the applicable sub-table as mentioned above.
Table 6H: Report the reclamation of ₹1000 here to show that the ITC reversed earlier was reclaimed within the same financial year.
Table 7: Report the reversal of ₹1000 in the applicable sub-table as mentioned above.
Table 6H: Report the reclamation of ₹1000 here to show that the ITC reversed earlier was reclaimed within the same financial year.
15 December 2024
Respected sir,
recently on date 9th dec advisory issued and point 5 say that you not mention any amount in table7.please clear my doubt that what is correct?
recently on date 9th dec advisory issued and point 5 say that you not mention any amount in table7.please clear my doubt that what is correct?
15 December 2024
GSTN has issued an advisory to inform that for FY 22-23 in table 8A of Form GSTR-9, values were getting auto populated from GSTR-2A; however, for FY 23-24 the same values are being auto populated from GSTR-2B. Therefore, to some extent, in Form GSTR-9 of FY 23-24, values in Table 8A will be inflated.
Hence, aforesaid value need not to be reported in the table 8C and Table 13 of GSTR-9 for FY 23-24. This is in line with the instruction number 2A given for the notified form GSTR 9 which states that Table 4, 5, 6 and Table 7 should have the details of current FY only.
Hence, aforesaid value need not to be reported in the table 8C and Table 13 of GSTR-9 for FY 23-24. This is in line with the instruction number 2A given for the notified form GSTR 9 which states that Table 4, 5, 6 and Table 7 should have the details of current FY only.
16 December 2024
Respected sir,
my query is for 2023-2024 i have claimed itc[because showing in gstr-2b and auto populated in 3b] and reverse[because goods received in next month] and reclaimed the same amount in same fy reason goods received late.please advice me clearly what to do
with thanks
my query is for 2023-2024 i have claimed itc[because showing in gstr-2b and auto populated in 3b] and reverse[because goods received in next month] and reclaimed the same amount in same fy reason goods received late.please advice me clearly what to do
with thanks
16 December 2024
Table 6: You would report the total ITC availed as ₹11,000 (since this was the initial claim in GSTR-3B), but you'll also adjust for the reversal and reclaim to show the net ITC availed as ₹10,000.
Table 7: Report the reversal of ₹1000 in the applicable sub-table as mentioned above.
Table 6H: Report the reclamation of ₹1000 here to show that the ITC reversed earlier was reclaimed within the same financial year.
Table 7: Report the reversal of ₹1000 in the applicable sub-table as mentioned above.
Table 6H: Report the reclamation of ₹1000 here to show that the ITC reversed earlier was reclaimed within the same financial year.
17 December 2024
THANKS FOR YOUR EXPRESS REPLY
17 December 2024
You are welcome.
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