Gstr-9 year 2020-2021
This query is : Resolved
jaigurudev
(Querist)
15 November 2021
dear sir, input for 2020-2021 as per books 50000 input of 2019-2020 rs 50000 input rs 10000 claimed in 2021-2022
input in 3b 50000+50000-10000=90000 amount as per 8A is 50000 please advice where to show 50000 input of 2019-2020 and 10000 claimed in 21-22
input in 3b 50000+50000-10000=90000 amount as per 8A is 50000 please advice where to show 50000 input of 2019-2020 and 10000 claimed in 21-22
12 July 2024
It appears you are asking about how to account for Input Tax Credit (ITC) in your GST filings across different financial years. Here’s how you can handle it:
### Input Tax Credit (ITC) Details:
1. **ITC for 2020-2021 (As per Books)**:
- Input claimed in GSTR-3B: Rs 50,000
2. **ITC for 2019-2020**:
- Input carried forward Rs 50,000
3. **ITC Claimed in 2021-2022**:
- Input claimed in GSTR-3B for Rs 10,000
### Where to Show in GST Returns (GSTR-3B):
- **GSTR-3B for 2020-2021**:
- You would have shown Rs 50,000 as input claimed in the respective columns (like ITC available, ITC Reversed, Net ITC, etc.) in your GSTR-3B for the financial year 2020-2021.
- **GSTR-3B for 2021-2022**:
- For the financial year 2021-2022, you will show:
- Rs 50,000 as carried forward from 2019-2020 under ITC available.
- Rs 10,000 as claimed under ITC claimed for that year.
### Specifics to Note:
- Ensure that the ITC claimed matches the invoices and documents as per GST rules.
- Reconcile your ITC claimed with your books of accounts to ensure accuracy.
- Use the appropriate columns in GSTR-3B to reflect the correct figures for ITC available and claimed for each financial year.
### Conclusion:
By correctly documenting and reporting your ITC in GSTR-3B across different financial years, you maintain compliance with GST regulations and ensure accurate filing of your GST returns. If you have specific questions or uncertainties, consulting with a GST practitioner or tax advisor would be advisable for precise guidance tailored to your business's situation.
### Input Tax Credit (ITC) Details:
1. **ITC for 2020-2021 (As per Books)**:
- Input claimed in GSTR-3B: Rs 50,000
2. **ITC for 2019-2020**:
- Input carried forward Rs 50,000
3. **ITC Claimed in 2021-2022**:
- Input claimed in GSTR-3B for Rs 10,000
### Where to Show in GST Returns (GSTR-3B):
- **GSTR-3B for 2020-2021**:
- You would have shown Rs 50,000 as input claimed in the respective columns (like ITC available, ITC Reversed, Net ITC, etc.) in your GSTR-3B for the financial year 2020-2021.
- **GSTR-3B for 2021-2022**:
- For the financial year 2021-2022, you will show:
- Rs 50,000 as carried forward from 2019-2020 under ITC available.
- Rs 10,000 as claimed under ITC claimed for that year.
### Specifics to Note:
- Ensure that the ITC claimed matches the invoices and documents as per GST rules.
- Reconcile your ITC claimed with your books of accounts to ensure accuracy.
- Use the appropriate columns in GSTR-3B to reflect the correct figures for ITC available and claimed for each financial year.
### Conclusion:
By correctly documenting and reporting your ITC in GSTR-3B across different financial years, you maintain compliance with GST regulations and ensure accurate filing of your GST returns. If you have specific questions or uncertainties, consulting with a GST practitioner or tax advisor would be advisable for precise guidance tailored to your business's situation.
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