The issue is regarding Table 12 & 14 of GSTR 9C
Assume that GSTR 9 Table 7J = ITC + Transitional Credit = Rs. 100 + 20 = Rs. 120
Now the GSTR 9C Issue explained below :-
Table 12A- ITC Availed in Audited Financial Statement- Rs. 100
Table 12B- Transitional Credit- Rs. 20
Table 12D- Total ITC Availed in Audited Financial Statement- Rs. 120
Table 12E- ITC availed in GSTR 9 (Table 7J) - Rs. 120
Table 12F- Un-reconciled Amount- NIl
Now the problem appears in Table 14
Table 14 asks to show expense head wise breakup of ITC
Table 14R will be drawn from Table 12A, that is Rs. 100
Now Transition credit break-up is not possible. It's a kind of opening balance and also there is no provision to enter transitional credit in Table 14.
Table 14S- ITC claimed in GSTR 9 table 7J- Rs. 120
Therefore Table 14T - Un-reconciled Amount will be Rs. 20.
Thus Un-reconciled amount always appear if there is some transitional credit.
How to solve this issue???
CAclubindia
