GST Conclave on GST Audit and Annual Return - Input Tax Credit & Finalisation of Accounts - Issues, Approach and Challenges

Table No. 6

Details of ITC availed as declared in returns filed during the financial year

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

Total amount of input tax credit availed through FORM GSTR-3B (sum total of Table 4A of FORM GSTR-3B)

Inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs)

Inward supplies received from unregistered persons liable to reverse charge (other than B above) on which tax is paid & ITC availed

Inward supplies received from registered persons liable to reverse charge (other than B above) on which tax is paid and ITC availed

Import of goods (including supplies from SEZs)

Import of services (excluding inward supplies from SEZs)

Input Tax credit received from ISD

Amount of ITC reclaimed (other than B above) under the provisions of the Act

Sub-total (B to H above)

Difference (I - A above)

Transition Credit through TRAN-I (including revisions if any)

Transition Credit through TRAN-II

Any other ITC availed but not specified above

Sub-total (K to M above)

Total ITC availed (I + N above)

Table No. 7

Details of ITC Reversed and Ineligible ITC as declared in returns filed during the financial year

Table No. 8

Other ITC related information

Pt. IV

Details of tax paid as declared in returns filed during the financial year

Pt. V 

Particulars of the transactions for the previous FY declared in returns of April to September of current FY or upto  date of filing of annual return of previous FY whichever is earlier

Pt. VI  

Other Information

Table No. 12

Reconciliation of Net Input Tax Credit (ITC)

A

B

C

D

E

F

ITC availed as per audited Annual Financial Statement for the State/ UT (For multi-GSTIN units under same PAN this should be derived from books of accounts)

ITC booked in earlier Financial Years claimed in current Financial Year

ITC booked in current Financial Year to be claimed in subsequent Financial Years

ITC availed as per audited financial statements or books of account

ITC claimed in Annual Return (GSTR9)

Un-reconciled ITC

Table No. 13

Reasons for un-reconciled difference in ITC

Table No. 14

Reconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on expenses as per audited Annual Financial Statement or books of account

Table No. 15

Reasons for un - reconciled difference in ITC

Table No.16

  Tax payable on un-reconciled difference in ITC

Pt. IV

Details of tax paid as declared in returns field during the financial year

Table No. 10

Supplies / tax declared through Amendments (+) (net of debit notes)

Table No. 11

Supplies / tax reduced through Amendments (-) (net of credit notes)

Table No. 12

Reversal of ITC availed during previous financial year

Table No. 13

ITC availed for the previous financial year

Table No. 14

Differential tax paid on account of declaration in 10 & 11 above