Itc reversal in gstr 9
This query is : Resolved
06 August 2019
Respected sir,
i have claimed itc of rs 10000 cgst and 10000 sgst in 2017-18 but my actual credit was 9000 cgst and 9000 sgst so by this i have claimed excess credit of rs 2000. now in 2018-19 instead of reversing that credit i claim less credit in 2018-19 for example my credit in 2018-19 was 5000 cgst and 5000 sgst but i have claim only 4000 cgst and 4000 sgst now my question is how to show this in gstr 9?
i have claimed itc of rs 10000 cgst and 10000 sgst in 2017-18 but my actual credit was 9000 cgst and 9000 sgst so by this i have claimed excess credit of rs 2000. now in 2018-19 instead of reversing that credit i claim less credit in 2018-19 for example my credit in 2018-19 was 5000 cgst and 5000 sgst but i have claim only 4000 cgst and 4000 sgst now my question is how to show this in gstr 9?
06 August 2019
Actual credit claimed in 2017-18 will be shown in 6A /6B and ITC adjusted in 2018-19 will be in Table 8C of GSTR 9
09 August 2019
ma'am you did not understand my question we have not claimed any credit of 2017-18 in 2018-19 but we have claimed less credit in 2018-19 due to excess claimed in 2017-18.and in 8c we can not show amt in negative. in table 12 we can show amount reversed but actually we have not reversed any itc we have claimed less itc. please suggest what to do.
02 August 2024
Under the GST regime, adjustments related to ITC claimed in prior periods and its impact on current period filings can be complex. Here’s how you can handle the situation described in your GSTR-9 filing:
### Scenario Recap:
1. **Excess ITC Claimed in 2017-18:** You claimed an excess ITC of ₹2,000 (₹10,000 CGST and ₹10,000 SGST vs. actual credit of ₹9,000 each).
2. **Less ITC Claimed in 2018-19:** You claimed ₹4,000 CGST and ₹4,000 SGST in 2018-19 when your actual credit was ₹5,000 each.
### Handling ITC Reversal and Claim Adjustments:
1. **Reversal in GSTR-9 (Annual Return):**
- **Table 12 - ITC Reversal:**
Table 12 of GSTR-9 is used to report ITC reversal. Since you did not specifically reverse the excess ITC claimed from 2017-18, but rather adjusted it by claiming less ITC in 2018-19, you need to reflect the reversal or adjustment appropriately.
- **Table 12A:** This table records the ITC that has been reversed. Since you didn’t actually reverse the ITC in 2018-19, this table should show the amount of ITC that has been reversed or reclaimed in the previous period. In your case, you would show the ₹2,000 as an excess ITC claimed in 2017-18.
2. **Correct Reporting of the Adjustment:**
- **Table 8C - ITC Claimed:**
Table 8C should reflect the ITC you claimed during the financial year, but you can’t show negative values here.
- **Adjustments in Table 9:**
Table 9 of GSTR-9 deals with ITC that is not reversed but where adjustments have been made. You should mention the actual ITC claim for the year. If you’ve claimed less ITC due to the excess claimed in the prior year, you should reflect this adjustment clearly.
3. **Consider the Following Approach:**
- **Report Actual ITC Claimed in Table 8C:** In GSTR-9 for the year 2018-19, show the actual ITC claimed which is ₹4,000 CGST and ₹4,000 SGST.
- **Reversal Adjustment in Table 12:**
- **Mention Reversal Amount:** While Table 12 should include the reversal of ₹2,000 CGST and ₹2,000 SGST to account for the excess claimed in 2017-18, you should also ensure that this amount is adjusted in the annual return to reflect the correct ITC position.
- **Table 10 - ITC Available:**
Make sure to reconcile the ITC as available and utilized properly. This will help in ensuring that the figures align with the actual claim and reversal.
4. **Consultation with a Tax Professional:**
Given the complexity of the situation and the potential implications for your tax filings, it is advisable to consult with a tax professional or GST consultant. They can provide specific guidance on how to accurately reflect these adjustments in your GSTR-9 and ensure compliance with GST regulations.
### Summary:
- **GSTR-9 Filing:** Reflect the actual ITC claimed in the appropriate tables (8C for the claimed ITC).
- **Adjust for Excess Claim:** Use Table 12 to adjust for the excess ITC claimed in 2017-18. Even if not directly reversed, acknowledging it is important.
- **Professional Advice:** Consult with a tax professional for accurate compliance and handling of specific nuances in the return.
This approach should help in accurately reflecting the ITC position and adjustments in your GSTR-9 filing.
### Scenario Recap:
1. **Excess ITC Claimed in 2017-18:** You claimed an excess ITC of ₹2,000 (₹10,000 CGST and ₹10,000 SGST vs. actual credit of ₹9,000 each).
2. **Less ITC Claimed in 2018-19:** You claimed ₹4,000 CGST and ₹4,000 SGST in 2018-19 when your actual credit was ₹5,000 each.
### Handling ITC Reversal and Claim Adjustments:
1. **Reversal in GSTR-9 (Annual Return):**
- **Table 12 - ITC Reversal:**
Table 12 of GSTR-9 is used to report ITC reversal. Since you did not specifically reverse the excess ITC claimed from 2017-18, but rather adjusted it by claiming less ITC in 2018-19, you need to reflect the reversal or adjustment appropriately.
- **Table 12A:** This table records the ITC that has been reversed. Since you didn’t actually reverse the ITC in 2018-19, this table should show the amount of ITC that has been reversed or reclaimed in the previous period. In your case, you would show the ₹2,000 as an excess ITC claimed in 2017-18.
2. **Correct Reporting of the Adjustment:**
- **Table 8C - ITC Claimed:**
Table 8C should reflect the ITC you claimed during the financial year, but you can’t show negative values here.
- **Adjustments in Table 9:**
Table 9 of GSTR-9 deals with ITC that is not reversed but where adjustments have been made. You should mention the actual ITC claim for the year. If you’ve claimed less ITC due to the excess claimed in the prior year, you should reflect this adjustment clearly.
3. **Consider the Following Approach:**
- **Report Actual ITC Claimed in Table 8C:** In GSTR-9 for the year 2018-19, show the actual ITC claimed which is ₹4,000 CGST and ₹4,000 SGST.
- **Reversal Adjustment in Table 12:**
- **Mention Reversal Amount:** While Table 12 should include the reversal of ₹2,000 CGST and ₹2,000 SGST to account for the excess claimed in 2017-18, you should also ensure that this amount is adjusted in the annual return to reflect the correct ITC position.
- **Table 10 - ITC Available:**
Make sure to reconcile the ITC as available and utilized properly. This will help in ensuring that the figures align with the actual claim and reversal.
4. **Consultation with a Tax Professional:**
Given the complexity of the situation and the potential implications for your tax filings, it is advisable to consult with a tax professional or GST consultant. They can provide specific guidance on how to accurately reflect these adjustments in your GSTR-9 and ensure compliance with GST regulations.
### Summary:
- **GSTR-9 Filing:** Reflect the actual ITC claimed in the appropriate tables (8C for the claimed ITC).
- **Adjust for Excess Claim:** Use Table 12 to adjust for the excess ITC claimed in 2017-18. Even if not directly reversed, acknowledging it is important.
- **Professional Advice:** Consult with a tax professional for accurate compliance and handling of specific nuances in the return.
This approach should help in accurately reflecting the ITC position and adjustments in your GSTR-9 filing.
02 August 2024
Under the GST regime, adjustments related to ITC claimed in prior periods and its impact on current period filings can be complex. Here’s how you can handle the situation described in your GSTR-9 filing:
### Scenario Recap:
1. **Excess ITC Claimed in 2017-18:** You claimed an excess ITC of ₹2,000 (₹10,000 CGST and ₹10,000 SGST vs. actual credit of ₹9,000 each).
2. **Less ITC Claimed in 2018-19:** You claimed ₹4,000 CGST and ₹4,000 SGST in 2018-19 when your actual credit was ₹5,000 each.
### Handling ITC Reversal and Claim Adjustments:
1. **Reversal in GSTR-9 (Annual Return):**
- **Table 12 - ITC Reversal:**
Table 12 of GSTR-9 is used to report ITC reversal. Since you did not specifically reverse the excess ITC claimed from 2017-18, but rather adjusted it by claiming less ITC in 2018-19, you need to reflect the reversal or adjustment appropriately.
- **Table 12A:** This table records the ITC that has been reversed. Since you didn’t actually reverse the ITC in 2018-19, this table should show the amount of ITC that has been reversed or reclaimed in the previous period. In your case, you would show the ₹2,000 as an excess ITC claimed in 2017-18.
2. **Correct Reporting of the Adjustment:**
- **Table 8C - ITC Claimed:**
Table 8C should reflect the ITC you claimed during the financial year, but you can’t show negative values here.
- **Adjustments in Table 9:**
Table 9 of GSTR-9 deals with ITC that is not reversed but where adjustments have been made. You should mention the actual ITC claim for the year. If you’ve claimed less ITC due to the excess claimed in the prior year, you should reflect this adjustment clearly.
3. **Consider the Following Approach:**
- **Report Actual ITC Claimed in Table 8C:** In GSTR-9 for the year 2018-19, show the actual ITC claimed which is ₹4,000 CGST and ₹4,000 SGST.
- **Reversal Adjustment in Table 12:**
- **Mention Reversal Amount:** While Table 12 should include the reversal of ₹2,000 CGST and ₹2,000 SGST to account for the excess claimed in 2017-18, you should also ensure that this amount is adjusted in the annual return to reflect the correct ITC position.
- **Table 10 - ITC Available:**
Make sure to reconcile the ITC as available and utilized properly. This will help in ensuring that the figures align with the actual claim and reversal.
4. **Consultation with a Tax Professional:**
Given the complexity of the situation and the potential implications for your tax filings, it is advisable to consult with a tax professional or GST consultant. They can provide specific guidance on how to accurately reflect these adjustments in your GSTR-9 and ensure compliance with GST regulations.
### Summary:
- **GSTR-9 Filing:** Reflect the actual ITC claimed in the appropriate tables (8C for the claimed ITC).
- **Adjust for Excess Claim:** Use Table 12 to adjust for the excess ITC claimed in 2017-18. Even if not directly reversed, acknowledging it is important.
- **Professional Advice:** Consult with a tax professional for accurate compliance and handling of specific nuances in the return.
This approach should help in accurately reflecting the ITC position and adjustments in your GSTR-9 filing.
### Scenario Recap:
1. **Excess ITC Claimed in 2017-18:** You claimed an excess ITC of ₹2,000 (₹10,000 CGST and ₹10,000 SGST vs. actual credit of ₹9,000 each).
2. **Less ITC Claimed in 2018-19:** You claimed ₹4,000 CGST and ₹4,000 SGST in 2018-19 when your actual credit was ₹5,000 each.
### Handling ITC Reversal and Claim Adjustments:
1. **Reversal in GSTR-9 (Annual Return):**
- **Table 12 - ITC Reversal:**
Table 12 of GSTR-9 is used to report ITC reversal. Since you did not specifically reverse the excess ITC claimed from 2017-18, but rather adjusted it by claiming less ITC in 2018-19, you need to reflect the reversal or adjustment appropriately.
- **Table 12A:** This table records the ITC that has been reversed. Since you didn’t actually reverse the ITC in 2018-19, this table should show the amount of ITC that has been reversed or reclaimed in the previous period. In your case, you would show the ₹2,000 as an excess ITC claimed in 2017-18.
2. **Correct Reporting of the Adjustment:**
- **Table 8C - ITC Claimed:**
Table 8C should reflect the ITC you claimed during the financial year, but you can’t show negative values here.
- **Adjustments in Table 9:**
Table 9 of GSTR-9 deals with ITC that is not reversed but where adjustments have been made. You should mention the actual ITC claim for the year. If you’ve claimed less ITC due to the excess claimed in the prior year, you should reflect this adjustment clearly.
3. **Consider the Following Approach:**
- **Report Actual ITC Claimed in Table 8C:** In GSTR-9 for the year 2018-19, show the actual ITC claimed which is ₹4,000 CGST and ₹4,000 SGST.
- **Reversal Adjustment in Table 12:**
- **Mention Reversal Amount:** While Table 12 should include the reversal of ₹2,000 CGST and ₹2,000 SGST to account for the excess claimed in 2017-18, you should also ensure that this amount is adjusted in the annual return to reflect the correct ITC position.
- **Table 10 - ITC Available:**
Make sure to reconcile the ITC as available and utilized properly. This will help in ensuring that the figures align with the actual claim and reversal.
4. **Consultation with a Tax Professional:**
Given the complexity of the situation and the potential implications for your tax filings, it is advisable to consult with a tax professional or GST consultant. They can provide specific guidance on how to accurately reflect these adjustments in your GSTR-9 and ensure compliance with GST regulations.
### Summary:
- **GSTR-9 Filing:** Reflect the actual ITC claimed in the appropriate tables (8C for the claimed ITC).
- **Adjust for Excess Claim:** Use Table 12 to adjust for the excess ITC claimed in 2017-18. Even if not directly reversed, acknowledging it is important.
- **Professional Advice:** Consult with a tax professional for accurate compliance and handling of specific nuances in the return.
This approach should help in accurately reflecting the ITC position and adjustments in your GSTR-9 filing.
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