ITC AS PER 2A 1000/-
ITC AS PER 3B ( CLAIMED) 800/-
TAXABLE SUPPLY 1000/-
EXEMPTED GOODS SUPPLY 9000/-
ITC used to Set off Tax of Taxable Supply, around 100/-
No Reversal of any ITC done.
What should be the treatment in GSTR9?
3 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 09 July 2019
Table 6 report : 800/-
Table 4 Report : 1000/-
Table 5 Report : 9000/-
Table 4 Report : 1000/-
Table 5 Report : 9000/-
CA Ankur Agarwal
(CA)
(110 Points)
Replied 10 July 2019
What about the treatment of proportionate ITC?
If we calculate Eligible ITC for taxable supply should be 800*1000/10000 i.e rs 80/- only
However ITC claimed to set off taxable sales was 100/-.
What do you think?
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 11 July 2019
Reversal of ITC :
Total ITC claim for the Yr. 800
Exempted sale 9000
Taxable Sale 1000
Total ITC attributable to Exempted Supply :
800 X 9000÷10000 = 720
Hence Reversal is to be done 720/-
& Available ITC is 80 (800-720)
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