GSTR9 query urgent

Save Share

This query is : Resolved

Quick Summary

This discussion addresses a common query regarding the GSTR9 filing, specifically how to report Input Tax Credit (ITC) taken and reversed. The user is unsure whether to show net ITC or gross ITC in Table 4(A) and how to reconcile this with Table 8, which shows a significant difference when reversals aren't explicitly accounted for. Advice suggests showing gross ITC and reporting the issue to the GST helpline, while also seeking insights on how others handle purchase return GST reversals.

CA Parul Saxena

CA Parul Saxena (Querist)

28 December 2021 Table 4(A) of GSTR3B-ITC taken-Rs.1000
Table 4(B)-of GSTR3B-ITC reversed-Rs.100 (Discount received from supplier)(reflected in CDNR sheet of 2A)
Net ITC taken Rs.900
In GSTR9 Rs.900 to be shown as ITC Taken or Gross ITC and ITC reversed classification to be shown?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

29 December 2021 In table 7 show ITC reversal separately.

CA Parul Saxena

CA Parul Saxena (Querist)

30 December 2021 Ok...but under Table 8a ITC availed figure shown is as per Table 6. Reversal under Table 7 is not shown and as as a result huge difference is depicting in table 8

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 December 2021 In such a case show net ITC.

CA Parul Saxena

CA Parul Saxena (Querist)

30 December 2021 I f i am showing net ITC in Table 6 then difference arising in 6(J) what to do?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 December 2021 If that is the case you have to show gross ITC.
Report the earlier problem to GST helpline.

CA Parul Saxena

CA Parul Saxena (Querist)

31 December 2021 This is very common problem sir...how other people are filing...they must have purchase return and gst reversal on that...then how they are showing reversal of GST of Purchase return in GSTR9?

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