Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

GSTR9 Annual return

Priyanka Chaturvedi (32 Points)

21 September 2020

where to show itc reversed in 2018-1 9 whichwas wrongly availed in 2017-18

Reply
Follow
Share

12 Replies

CA Sunil Kumar (Chartered Accountant) (4514 Points)
Replied 21 September 2020

Column no 12 of GSTR 9

RAJA P M ("Do the Right Thing...!!!") (127475 Points)
Replied 21 September 2020

Column no 12...

Priyanka Chaturvedi (32 Points)
Replied 21 September 2020

Same to be shown in table 7H ?

RAJA P M ("Do the Right Thing...!!!") (127475 Points)
Replied 21 September 2020

This columns using current year transaction...

CA Sunil Kumar (Chartered Accountant) (4514 Points)
Replied 21 September 2020

No, that is for current financial year

Priyanka Chaturvedi (32 Points)
Replied 21 September 2020

When filing is for 2018-19 , then to?

RAJA P M ("Do the Right Thing...!!!") (127475 Points)
Replied 21 September 2020

In current situation it's 30th Sep-20

Priyanka Chaturvedi (32 Points)
Replied 21 September 2020

I am asking , if itc has been reversed in 2018-19 and filing is also for 2018-19 ,then to we can't put reversed itc in table 7 column H

RAJA P M ("Do the Right Thing...!!!") (127475 Points)
Replied 21 September 2020

Yes... You are exactly correct.

Anshuman Basu (account -GST) (1550 Points)
Replied 21 September 2020

Sir My questions is during 18-19 we claim ITC suppose Rs 100/-. out Rs100/- we set off ITC with out put liability Rs 20/- Remaining ITC Rs 80/- we revised during FY 18-19.
now question is How we show GSTR 9 column wise

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 22 September 2020

ITC reversed in Fy 2018-19 which is pertaining to Fy 2017-18 need to be reported As per following .
There can be 2 methods to report such transactions.

let's understand with example :
ITC as per 3B (Fy 2018-19) = 100/-
previous Fy ITC reversed in Fy 2018-19 = 10/-
As per books ITC will be 110 (100+10) .

Option 1.
Now in table 6A the autopopulated ITC will be 100

1. Report 110 in table 6(B)

2. Report Minus 10 in table 6M

3. Now I total in 6o will be tally with total in 6A ie 100

2Nd option :

1. Report 110 in table 6b
2. Report 10 in 6M
3. Report 10 in table 7H

As per me the First Option is better.

Anshuman Basu (account -GST) (1550 Points)
Replied 22 September 2020

Dear Pankaj ji

The scenario is given below:-

Beginning of fy 18-19 we have a ITC in our books Rs 30/- as IGST which is carry forward from 17-18.
During fy 18-19 we take ITC suppose Rs 100/- as IGST.
We utilise or adjusted or setoff from output liability Rs. 60/- as IGST for FY year 18-19.
in January 19 of FY 18-19 we revised rest of ITC i.e Rs 70/- as IGST. (30+100-60

As per 31/3/2019 ITC is Nil
now question is what is the treatment of above senerio in GSTR 9?