Dear Sir/Madam,
I have claimed the tax credit of F.Y. 2023-24 in F.Y. 2024-2025.
Tax credit is also available in F.Y.2024-2025 GSTR 2B.
What will be the effect in GSTR 9.
SPECIFIC COLUMN 8C AND 13.
please guide me.
Thank you
Menu
GSTR 9 RELATED QUERY 2023-24
Replies (1)
Claiming tax credit in the wrong financial year can lead to discrepancies in your GST returns.
Here's a simplified explanation of the impact on GSTR 9: *Column 8C (Input Tax Credit):* -
1. File an amendment return (GSTR 3) for FY 2023-24, claiming the correct ITC.
2. In GSTR 9 for FY 2023-24, ensure the correct ITC is reflected in Column 8C.
3. In GSTR 9 for FY 2024-25, provide the reconciliation details in Column
Recent Threads
- Timing difference in availment of ITC reporting in
- Import of goods and igst related
- DGFT licence port mismatch with Postal (PAD) impor
- Tax on sale property (Land)
- Recruitment for Jr.Accountant.
- Refund of tax paid earlier
- WHY and which ITR just to declare company shares ?
- Contribution to political party
- 40+ single CA group
- Interest u/s 234B on updated return u/s 139(8A)
Related Threads
CAclubindia
