Master TDS & TCS Provisions with Critical Issues. Register Now!

Gstr 9 itc queries:-

03 August 2019

What can be done if the values in 'Column 6A' of 'Table 6' are greater than the values in 'Column 8A' of 'Table 8' of GSTR 9?

Reply
Follow
Share

9 Replies

Sai Prabhu Narayanan (Articled assitant ) (161 Points)
Replied 03 August 2019

Hello ! Assuming That you're talking about Annual returns for FY 2017-18 . The above stated info conveys That ITC availed in 3b is More than The ITC available in GSTR - 2A .To the best of my Knowledge, If you have availed eligible ITC correctly with substantial evidence you can still avail ITC, as there is no way to amend invoices of FY 17-18 now , Incase When a notice is served you can provide the evidence and your ITC claim would be allowed . IF you're talking about FY 18-19 Then you can insist the concern party to furnish GST returns ASAP.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Shrikant Toshniwal (TAX CONSULTANT) (1109 Points)
Replied 03 August 2019

Gstr table 6 contain the detail of itc u take in gstr3b if u taken excess itc and not reversed then u have to pay on for that itc

1 Like

Mir Md Abbas (9 Points)
Replied 03 August 2019

Thanks for replying to my Query Mr.Sai Prabhu Narayanan.Your assumption of the FY is right.I request you to answer to my below Queries as well.

(1)Will the values in 'Column 8A' get updated upon our Suppliers Uploading our Invoices and Filing their GSTR's 1,which they have not done till date,now.

(2)Should I File my GSTR 9 with the mismatched values of 'Column 6A' and 'Column 8A'.

Mir Md Abbas (9 Points)
Replied 03 August 2019

Thanks for replying Mr.Shrikant Toshniwal.

Sai Prabhu Narayanan (Articled assitant ) (161 Points)
Replied 03 August 2019

Yes , column 8a contains ITC reflected in 2a , 2a statement reflects the purchases for which GSTR 1 return is filed by the concerned party , as far as I know we can file it as it is,if you can substantiate with proof for claiming the eligible ITC , be aware that if the ITC IS Ineligible you may have to reverse the ITC Claimed with 24% p.a Interest from the from which the return is due . Key point is if it’s a eligible ITC you can file as its is .

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Mir Md Abbas (9 Points)
Replied 04 August 2019

Thanks.

Shrikant Toshniwal (TAX CONSULTANT) (1109 Points)
Replied 04 August 2019

MR NARAYAN IS RIGHT IF U QUALIFY SEC 16(2) OF CGST ACT THEN U TAKE ITC (BUT CHECK FOR INELIGIBLE ITC)

1 Like

Mir Md Abbas (9 Points)
Replied 05 August 2019

Thank you.

Shivam RC (Student) (23683 Points)
Replied 29 August 2019

GOOD NEWS :

The DUE DATE for furnishing of Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement and Audit Report in FORM GSTR-9C for the financial year 2017-18 has been extended from 31st August, 2019 to 30th NOVEMBER, 2019.

REMOVAL OF DIFFICULTY ORDER No. 07/2019-CT dated 26.08.2019, issued by the CBIC Department.

Hence, the latest Due Date to file ANNUAL RETURN ( GSTR-9 and GSTR-9A ) and Reconciliation Statement and Audit Report ( GSTR-9C ) is 30.11.2019.