ITC on capital goods & auto drafted Value

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129 Points Posted on 04 July 2021

Hi, 

For every month, ITC is getting auto populated from GSTR 2A recently.  But I've claim for capital goods which have to be claimed for 60 months period. When this adds up with monthly available ITC, it shows as more claim than GSTR 2A auto drafted and gets highlighted in red. 

What should be done or should be clarified in GSTR 9 annual return. 

 

 

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On 04 July 2021 at 19:14 Report
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Quick Summary
A user is experiencing a discrepancy where their claimed Input Tax Credit (ITC) for capital goods, spread over 60 months, exceeds the auto-drafted amount from GSTR 2A each month. This causes the claim to appear in red. Another user confirms that capital goods ITC appears in GSTR 2A in the month of purchase and that this will be reconciled in GSTR 9.

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GST Consultant
10402 Points Posted on 04 July 2021
Your itc of capital goods would be showing in gstr2a of the month of purchase of capital goods.
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On 04 July 2021 at 21:31
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CA
1012 Points Posted on 19 July 2021

Yes it will be tallied in GSTR-9

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On 19 July 2021 at 22:26

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