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Excess ITC claim

Anshuman Basu (account -GST) (1556 Points)

23 September 2020

Sir
pl slove my problem regarding 18-19 GSTR 9 filling:-
GSTR 2A of 18-19 is Rs 22000/-
GSTR 3B of 18-19 is Rs 41000/-
Books of accounts Of 18-19 is Rs 20000/-
please guide me how I show above figure in column wise in GSTR 9?

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10 Replies

Pankaj Rawat (GST Practitioner) (55062 Points)
Replied 24 September 2020

Have you reversed the excess Claimed ITC in next FY (2019-20) ???

Anshuman Basu (account -GST) (1556 Points)
Replied 24 September 2020

Sir, please help me how to show GSTR 9. Please guide me.

I am eagerly waiting for your answer.

By heart, I say you your feedback is so eassy anyone can understand

CA Kushwanth AVSR (CA in Practice CMA by Qualification) (1593 Points)
Replied 24 September 2020

Which is the correct ITC among those.?
Is books are correct or GSTR 3B or GSTR 2A.?

Anshuman Basu (account -GST) (1556 Points)
Replied 24 September 2020

Both are correct. Because we are forget to account for few invoice in our books of accounts.

There for mismatch is come. This purely clarical mistake.

Please help me How I fill up GSTR 9

CA Kushwanth AVSR (CA in Practice CMA by Qualification) (1593 Points)
Replied 24 September 2020

I can't give you any advice unless I know the full info
So, if you say what is the correct ITC amount(rather than saying both are correct as for a question there can't be multiple answers) then I can guide you and I need info like why such amount is not shown in GSTR 3B and is any corrective action taken or not against the same.

Anshuman Basu (account -GST) (1556 Points)
Replied 24 September 2020

Sir we explain

Suppose We have a five invoice. Each invoice tax is 20/-. It meance total tax is 100/-.

We claim Rs 100/- as ITC. Our 3b figure is 100/-.

Outof Five invoice, we not consider two invoices in My books of accounts.i.e Rs 60/- is our books of accounts as ITC.

Our client not upload one invoice GSTR 1 . I.e Rs 80/_ show in our 2a as ITC.

Sir please tell me what is my Actual ITC?

1.Rs 100/-

2.Rs 60/-

3. Rs 80/-

Sir I am layman pl help , I am confused

CA Kushwanth AVSR (CA in Practice CMA by Qualification) (1593 Points)
Replied 24 September 2020

Your actual ITC won't change based on these things.
Your actual ITC will be 100
However, coming to the part eligibility of ITC, provided that you had shown Rs. 100 ITC in GSTR 3B, then you can claim Rs. 100 as your ITC irrespective of the fact that one of your supplier has not shown the bill in his GSTR 1 as the difference amount is less than 20%. Maximum difference that can be allowed in GST is 20% limit for the period prior to 01st january 2020. However, it is advisable for you to ask the other party to file GSTR-1 to avoid future complications.

Alternatively, you can pay back the government Rs. 20 with interest and recover the same from the client

Coming to the books of accounts part... If you can't modify the books of accounts of year 18-19, then pass rectification entries in current year(Pass those entries in current year with a narration that these are prior period items and not shown in prior period)

Anshuman Basu (account -GST) (1556 Points)
Replied 24 September 2020

Thanks.

Please tell me how to file GSTR 9 column wise. I want to know which figure we put in which column in GSTR 9

CA Kushwanth AVSR (CA in Practice CMA by Qualification) (1593 Points)
Replied 24 September 2020

Are you the same person who is replying me in another query.?
If yes -then I had said the same in that query check the same
If no - let me know... I will tell you

Anshuman Basu (account -GST) (1556 Points)
Replied 24 September 2020

Sir please slove
GSTR 2A of 18-19 is Rs 22000/-
GSTR 3B of 18-19 is Rs 41000/-
Books of accounts Of 18-19 is Rs 20000/-
Out of 41000/-,Rs 15000/- ITC for the FY 17-18,and this amount we show 17-18 annual Return column no 13.

please guide me how I show above figure in column wise in GSTR 9