GSTR-9 AND ITC REVERSE AND RECLAIM

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This discussion clarifies how to report Input Tax Credit (ITC) reversals and reclaims in GSTR-9 for the financial year 2023-24. It explains that if you initially claimed ₹11,000 ITC in GSTR-3B, reversed ₹1000, and then reclaimed it within the same year, you should report the total availed ITC as ₹11,000 in Table 6, with adjustments for the net ₹10,000. The ₹1000 reversal should be detailed in Table 7, and the subsequent reclaim in Table 6H, ensuring the net ITC reflects the actual amount availed.

jaigurudev

jaigurudev (Querist)

11 December 2024 Respected sir,
i have done itc reverse in gstr-3b of jan2024 and reclaim in feb2024 my input as per books 10000
i claimed in gstr-3b 11000 reverse 1000 and reclaim1000 net itc availed 10000
please advice me how to treat this in gstr-9

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

15 December 2024 Table 6: You would report the total ITC availed as ₹11,000 (since this was the initial claim in GSTR-3B), but you'll also adjust for the reversal and reclaim to show the net ITC availed as ₹10,000.
Table 7: Report the reversal of ₹1000 in the applicable sub-table as mentioned above.
Table 6H: Report the reclamation of ₹1000 here to show that the ITC reversed earlier was reclaimed within the same financial year.

jaigurudev

jaigurudev (Querist)

15 December 2024 Respected sir,
recently on date 9th dec advisory issued and point 5 say that you not mention any amount in table7.please clear my doubt that what is correct?

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

15 December 2024 GSTN has issued an advisory to inform that for FY 22-23 in table 8A of Form GSTR-9, values were getting auto populated from GSTR-2A; however, for FY 23-24 the same values are being auto populated from GSTR-2B. Therefore, to some extent, in Form GSTR-9 of FY 23-24, values in Table 8A will be inflated.

Hence, aforesaid value need not to be reported in the table 8C and Table 13 of GSTR-9 for FY 23-24. This is in line with the instruction number 2A given for the notified form GSTR 9 which states that Table 4, 5, 6 and Table 7 should have the details of current FY only.

jaigurudev

jaigurudev (Querist)

16 December 2024 Respected sir,
my query is for 2023-2024 i have claimed itc[because showing in gstr-2b and auto populated in 3b] and reverse[because goods received in next month] and reclaimed the same amount in same fy reason goods received late.please advice me clearly what to do
with thanks

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

16 December 2024 Table 6: You would report the total ITC availed as ₹11,000 (since this was the initial claim in GSTR-3B), but you'll also adjust for the reversal and reclaim to show the net ITC availed as ₹10,000.
Table 7: Report the reversal of ₹1000 in the applicable sub-table as mentioned above.
Table 6H: Report the reclamation of ₹1000 here to show that the ITC reversed earlier was reclaimed within the same financial year.

jaigurudev

jaigurudev (Querist)

17 December 2024 THANKS FOR YOUR EXPRESS REPLY

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

17 December 2024 You are welcome.

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