Dear Sir/ Madam
Please tell me which ITC ( ITC AS PER 2A OR ACTUAL ITC CLAIMED) do i need to consider while bifurcating it in tab no.14 of GSTR9C OFFLINE TOOL.
Thanks in advance.
3 Replies
Sagar Verat
(19 Points)
Replied 18 December 2021
Table 14 is for the reconciliation of ITC availed during the relevant tax periods with ITC reported in Annual Audited Financial Statement.
In Table 14 Column namely "VALUE", You are required to fill the catagory wise expenditure recorded/reported in Audited Financial Statement with corresponding figures of ITC for each such catagory in Column namely "AMOUNT OF TOTAL ITC". In said column you have to fill the aggregate ITC of each catagory irrespective of its eligibility.
In column namely "ELIGIBLE ITC AVAILED", you are required to fill eligible ITC (Whether availed in GSTR 3B or not) out of ITC filled in column "AMOUNT OF TOTAL ITC".
In Entry No. S of Table 14, you are required to fill net ITC as declared in Table 7J of GSTR-9.
And you will provide the reasons for difference in Table 15.
In Table 14 Column namely "VALUE", You are required to fill the catagory wise expenditure recorded/reported in Audited Financial Statement with corresponding figures of ITC for each such catagory in Column namely "AMOUNT OF TOTAL ITC". In said column you have to fill the aggregate ITC of each catagory irrespective of its eligibility.
In column namely "ELIGIBLE ITC AVAILED", you are required to fill eligible ITC (Whether availed in GSTR 3B or not) out of ITC filled in column "AMOUNT OF TOTAL ITC".
In Entry No. S of Table 14, you are required to fill net ITC as declared in Table 7J of GSTR-9.
And you will provide the reasons for difference in Table 15.
Catherine
(Article)
(141 Points)
Replied 18 December 2021
Thank you Sagar Verat sir for explaning to me in a detailed manner
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