Difference in Table 8 Other ITC related information

Hey Kishore! About the ₹3,00,000 excess ITC difference showing up in Table 8 of GSTR-9, here’s the breakdown:

What’s happening?

• You claimed excess ITC of ₹3,00,000 in FY 2022-23 and reversed it within the same FY.

• In Table 7 of GSTR-9, you’ve shown the excess ITC reversed correctly.

• But in Table 8, the system is showing a ₹3,00,000 difference between ITC as per GSTR-2A and the ITC as per your returns.

• This difference is expected because GSTR-2A captures all ITC available on purchase invoices, but since you reversed ₹3,00,000 excess ITC, your ITC as per returns is less by that amount.

Key point:

• Since you reversed the excess ITC within the same financial year and it is correctly reported in Table 7, no additional liability is created.

• The difference in Table 8 is just an informational mismatch due to reversal and doesn't automatically mean tax is payable.

Can you file GSTR-9 ignoring this difference?

• Yes, you can file GSTR-9 with this difference as long as:

  • The excess ITC reversal is properly disclosed in Table 7.

  • You have no unreported liability or outstanding tax dues.

  • You maintain proper documents for the reversal.

Suggestions:

• Keep documentation handy in case of scrutiny showing how the reversal was done.

• If any clarification is sought by GST authorities, you can explain this adjustment with supporting entries.

In short:
You don’t need to adjust or pay anything more for this ₹3,00,000 difference shown in Table 8 as it arises due to reversal already captured in Table 7. It’s safe to file GSTR-9 with this info.