GSTR -9 FY 23-24 related Query

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Santhya

1 Points Joined October 2022

I had received the Purchase credit of one invoice in GST 2B of March 2023,but I have not availed that ITC in the March 2023 GSTR 3B.In April 2023,I had taken that ITC in GSTR 3B which I was missed in March 2023.

In GSTR 9,I have shown the negative difference between Table 8A(GST 2B) and 8B(GST 3B),because of PY(is.FY 22-23) ITC claimed in the FY 23-24 GSTR 3B return.
How to solve this issue in GSTR 9?.Where I need to Show the Previous year ITC in GSTR 9?

Replies (2)

Rama chary Rachakonda

Master in Accounts & high court Advocate

8977 Points Joined December 2011

To resolve the issue in GSTR-9, follow these steps:

Understanding the Issue The negative difference in Table 8A (GST 2B) and 8B (GST 3B) of GSTR-9 is due to the claim of previous year's ITC (FY 2022-23) in the current year's GSTR-3B return (FY 2023-24).

Reporting Previous Year's ITC in GSTR-9 To report the previous year's ITC in GSTR-9:

1. _Table 8A_: Ensure the ITC reflected in GST 2B for March 2023 is accurate.

2. _Table 8B_: Verify the ITC claimed in GSTR-3B for April 2023, which includes the missed ITC from March 2023.

3. _Table 8D_: Report the previous year's ITC (claimed in April 2023 GSTR-3B) in Table 8D of GSTR-9, under the column "ITC availed in subsequent financial year(s)".

4. _Table 8E_: Ensure the total ITC claimed in the current financial year (FY 2023-24) is accurate, including the previous year's ITC claimed in April 2023.

Reconciling the Negative Difference After reporting the previous year's ITC in Table 8D, the negative difference between Table 8A and 8B should be reconciled.

Additional Tips 1. _Verify ITC claims_: Double-check the ITC claims in GSTR-3B returns to ensure accuracy.

2. _Maintain documentation_: Keep records of all ITC claims, GST 2B, and GSTR-3B returns to support the reconciliation.

CA Shyam Agarwal

Profession

22 Points Joined May 2017

You can enter the detail in Table 8 point c of GSTR 9 of Financial Year 2022-23 (ITC on Inward Supplies received during the Financial Year but availed in next Financial Year upto Specified Period).