23 November 2023
Even if the invoice is in the month of February for FY 2021-22, ITC in GSTR 2B is Rs. 8,450/ was not taken as ITC should not be taken as it was not received. That ITC FY 2022-23 in the month of April 2B Rs. 8,450/ so we claimed input.
FY 2021-22 Annual Return 9 Part III S.No.8C in Rs. 8,450/ shown as less ITC claimed. That means lower ITC is shown in 3B than ITC in 8A/2A.
But in FY 2022-23 Annual Return 9 Part III S.No.8C Rs. 8,450/ shows a negative balance. In this, if there is a negative balance, notices are coming from the department to make payment.
15 January 2024
While filling GSTR 9, we can separately highlight ITC appearing for the year claimed in the same year and in the subsequent year making the total ITC tallied. Any difference in ITC should be clarified via Notes in the GSTR9. You can explain the AO in this case with all the documents to drop the proceedings here.
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