Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

GSTR 9 23-24

Save Share

This query is : Resolved

Pawan Gupta (Querist)
Follow

02 November 2024 In FY 23-24 i have claimed Excess itc then 2B but the same itc reflect in 2b of 24-25 which i did not claimed as it was claimed earlier in 23-24
How to show this in gstr 9 of 23-24

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

03 November 2024 To rectify this in GSTR-9 of 23-24, follow these steps:
Table 8A: Details of ITC availed during the financial year
Report the excess ITC claimed in 23-24 in Table 8A.
Ensure the ITC is accounted for in the financial year 23-24.
Table 8B: Details of ITC reversed during the financial year
Reverse the incorrectly reflected ITC in 2B of 24-25 by reporting it in Table 8B.
Mention the reversal in the "ITC reversed due to excess claim" or similar description.
Table 11: Computation of tax paid
Adjust the tax paid accordingly, considering the reversed ITC.
Table 12: Computation of ITC
Ensure the ITC claimed in 23-24 is accurately reflected.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now