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17-18 Itc effect in 18-19 Annual Return

Kanani Shailesh (31 Points)

13 May 2020

Res. sir

We have taken 17-18 Some Itc in F.y. 2018-19. So which give effect in Annual return 2018-19.

Thanks you.

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7 Replies

Aruna Shetty (27 Points)
Replied 13 May 2020

Yes we can show that in previous year it claimed in current year

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Kanani Shailesh (31 Points)
Replied 13 May 2020

Which table we have shown in this Itc figure in annual return.

Aruna Shetty (27 Points)
Replied 13 May 2020

In table no.13 gstr 9

Kanani Shailesh (31 Points)
Replied 13 May 2020

Ok sir thanks

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 13 May 2020

In table 6 of GSTR 9 , no need to make any amendment. the excess ITC must be reflected in table 6 due to previous year ITC availed in current year. so prepare the reconciliation statement for the same .
If you are eligible to file 9C then report difference in table 12(b) of GSTR 9C .

Note : You can report such ITC (previous year) in table 7(H) also , if you are to eligible to file GSTR 9C

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Kanani Shailesh (31 Points)
Replied 14 May 2020

Thank you sir but This 17-18 itc taken in 18-19 so annual return 18-19 which table effect itc of 17-18.

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 17 May 2020

DEAR KANANI

THATS WHAT I REPLIED , THE ITC OF FY 17-18 WHICH IS AUTOPOPULATED IN TABLE 6, OF GSTR9 OF FY 201819 , CAN BE REPORTED AS REVERSAL UNDER TABLE 7(H).

BUT IF YOU ARE ELIGBLE TO FILE 9C , THEN NO NEED TO REPORT ITC OF FY 2017-18 IN TABLE 7(H) , OF GSTR9 FOR FY 2018-19, REPORT IT UNDER TABLE 12(B) OF 9C