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GSTR 9 -ITC

Catherine (Article) (141 Points)

29 April 2022

Dear sir/mam,

Kindly provide clarification on how to claim Excess ITC available in annual return of f.y.2020-21?

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3549 Points)
Replied 29 April 2022

A taxpayer has the option to report breakup of ITC in separate rows of inputs, capital goods and input services in tables 6B to 6E, or the entire amount can be reported only under the “inputs” row. Total amount of Input tax credit availed through Form GSTR-3B.1

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 29 April 2022

You can report the excess ITC in annual return but claim the same or get it transfer in credit ledger you need to report it in GSTR 3B .

So if any excess ITC which is being reported in annual return for fy 20-21 being not report till sept- 21 of 3B will be lapse.
you won't be able claim the same. (Refer Section 16(4))

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