GSTR9 - ITC reversed & reclaimed - current year & previous year query.

ITC / Input 1153 views 7 replies

Manoj Punjabi

Accountant

349 Points Joined November 2012

Hello Everyone

This query is regarding GSTR9 ITC reversed & reclaimed – GSTR9.

First query: pertaining to current year.

Part of ITC which was available in GSTR2B of FY 23-24 was reversed during the year, but same ITC was reclaimed back during the same year FY 23-24.

So this does not affect the total ITC availed during the year for FY 23-24.

My question is:

1. Whether we have to show this reversal & reclaim in GSTR9?

2. Where to show it in GSTR9?

Second query: pertaining to previous year ITC reversed & reclaimed.

Part of ITC of previous year which was available in GSTR2B of previous year FY 22-23 was reversed, but this ITC was reclaimed back in current year FY 23-24.

Where to show this reversal & reclaimed back IT of previous year in GSTR9

Note: All above ITC’s were reported in ITC reversal & reclaimed ledger properly, and they appear in this ledger properly.

Please guide.

Replies (7)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9529 Points Joined December 2011

Based on the query, here's a concise response: For the current year (FY 23-24), if ITC was reversed and reclaimed during the same year:

1. _No need to show reversal and reclaim in GSTR-9_, as it doesn't affect the total ITC availed during the year.

For the previous year (FY 22-23), if ITC was reversed and reclaimed in the current year (FY 23-24):

1. _Report the reversal in Table 12 of GSTR-9_ (Reconciliation of ITC claimed in GSTR-3B).

2. _Report the reclaim in Table 13 of GSTR-9_ (Reconciliation of ITC claimed in GSTR-3B with GSTR-2A).

Ensure accurate reporting and maintain documentation to support the ITC reversal and reclaim.

Sir my problem is also same situation if i report actual data show so please clear which data which part of table in gstr 9
i have reversed itc 180 days rs 565000 each head cgst and sgst include in amount reversed last year 22-23 is rs 48000 each head cgst and sgst and reclaimed also in fy23-24 rs.324000 each head cgst and sgst include in amount rs 48000 each head cgst and sgst so please clairify which amount show in correct table no.in gstr9 and and also clear reclaim balance rs241000 each head where to show in gstr9 and 9c

Rama chary Rachakonda

Master in Accounts & high court Advocate

9529 Points Joined December 2011

To accurately report the ITC reversal and reclaim in GSTR-9, follow this breakdown:

Table 8A: Reversal of ITC 1. _Reversal of ITC (FY 22-23)_: Report the ITC reversed in FY 22-23, which is ₹48,000 each for CGST and SGST (total ₹96,000).

2. _Reversal of ITC (FY 23-24)_: Report the ITC reversed in FY 23-24, which is ₹565,000 each for CGST and SGST (total ₹1,130,000).

Table 8B: Reclaim of ITC 1. _Reclaim of ITC (FY 23-24)_: Report the ITC reclaimed in FY 23-24, which is ₹324,000 each for CGST and SGST (total ₹648,000).

Table 12: Reconciliation of ITC claimed in GSTR-3B

1. _Reconcile the ITC_: Reconcile the ITC claimed in GSTR-3B with the ITC available in GSTR-2A.

This will help you identify any discrepancies. Balance Reclaim (₹241,000 each for CGST and SGST)

1. _Report in Table 8B_: Since the balance reclaim of ₹241,000 each for CGST and SGST is part of the total reclaim, report it in Table 8B. GSTR-9C

Sumit Kothari

24 Points Joined July 2017

Sir aap kya kahna chah rahe kuch samj nahi aaya

Manoj Punjabi

Accountant

349 Points Joined November 2012

Dear Rama Chary Rachkonda Sir,

Thank you for your prompt reply.

Looks like there is misunderstaning in understanding my query.

My query is regarding ITC on purchases.

Your seggestion for showing it in Table 12 & 13 in GSTR9 is somewhat confusing, as Table 12 & 13 of GSTR9 are for Outward liability (GST payable on sales) & not related to ITC on purchases.

My query is for ITC on purchases which was reversed & reclaimed.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9529 Points Joined December 2011

You are correct that Table 12 and 13 of GSTR-9 are related to outward liability and not ITC on purchases. ITC on Purchases (Reversed and Reclaimed) For ITC on purchases that was reversed and reclaimed:

1. _Table 4 of GSTR-9_: Report the ITC reversed in Table 4 (Reversal of ITC).

2. _Table 4A of GSTR-9_: Report the ITC reclaimed in Table 4A (Reclaimed ITC).

3. _Annexure 1 of GSTR-9_: Provide details of ITC reversed and reclaimed in Annexure 1.

Additional Tips 1. _Verify GST regulations_: Verify the GST regulations and guidelines for ITC reversal and reclamation.

¹ 2. _Maintain proper documentation_: Maintain proper documentation, including invoices, credit notes, and other relevant records, to support ITC reversal and reclamation.

Yogesh Goel

Practice

22 Points Joined November 2024

I believe both of these reclaimed which are shown in 4(D)1 of GSTR3B are to be shown in column 6H of GSTR9 which has specifiec heading as reclaimed. Request others to share their views.