hi some parties not filed our bills and we claimed input in respective year how to show in gstr 9?
Menu
GSTR9 ITC regarding
Replies (3)
and also tell us that can we avail that ITC or we have to pay that ITC amount with interest
Since GSTR 2 not yet available whose intention was also to report ITC which is not yet reflecting and looking at its intention primafacie it seems that later on government will give credits for such bills available with you but credit not yet reflecting.
You will have to reverse the credit taken with respect to the bills for which the supplier have not filed/ shown in GSTR-1 (it can be verified by reconciling with GSTR-2A). Also you will have to pay the interest for the said credit.
Further you will have to show in table 12 in GSTR-9 as ITC reversed avialed in previous year.
Further you will have to show in table 12 in GSTR-9 as ITC reversed avialed in previous year.
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
