Gstr 9

This query is : Resolved

Mansi Sapra (Querist)
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30 December 2019 I am facing problem in Gstr 9 17-18.
I have Input Tax Credit in 3B = 5 lakh
I have Input Tax Credit in Books= 4 lakh.
Sir/Mam what i will do in above case where my Input Tax Credit in Books is less than from 3B.
Please help how i will reconcile my book with Gstr9 ?

Gokul Sharma

Gokul Sharma (Expert)
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30 December 2019 what amount showing in gstr 2a

CA Ashwini Seeram

CA Ashwini Seeram (Expert)
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30 December 2019 You can do invoice level reconciliation of ITC in Books of accounts and GSTR-3B. If all the physical copies of invoices are available, then ITC would be eligible even if the entry is not recorded in BOA. The difference will arise in GSTR-9C and a reason can be written by the auditor mentioning that the entries for few invoices has not been recorded in books of accounts in table 12 of GSTR-9C

CA Anita Bhadra

CA Anita Bhadra (Expert)
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30 December 2019 First reconcile your books of accounts with GSTR 3B , GSTR 1 & GSTR 2A. You will come to know the actual facts , accordingly you can decide to take action

It may happened that you have availed excess credit . In that case , you need to reverse credit .

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