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Itc on car


naresh (accountancy)     21 September 2020

naresh
accountancy 
 30 points

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Gstr 2a shows itc on car and itc on insurance of car purchased for marble business 

i have not claimed itc in 3b

now while filing gstr 9 is it compulsory to reverse itc reflecting in 2a on car and its insurance if yes then in which table should I reverse

 

in this case is it compulsory to file gstr 9 as i am small taxpayer 

avater

Pakshal Shah (Practicing Chartered Accountant)     21 September 2020

Pakshal Shah
Practicing Chartered Accountant 
 17 likes  271 points

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If your annual turnover does not exceed Rs. 2 crores, it is optional to file GSTR 9

avater

Sagar Patel (Tax and Business Consultant)     21 September 2020

Sagar Patel
Tax and Business Consultant 
 988 likes  11106 points

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If Your Turnover is below 2 Crore, than For F.Y 2017-18 and F.Y 2018-19, it's not mandatory to file Annual return GSTR 9...

If You are filing your GSTR 9 Voluntarily, than ITC on car ect...which is blocked as per Section 17(5) of CGST Act, 2017 required to be shown in blocked credit column in GSTR 9.

naresh (accountancy)     21 September 2020

naresh
accountancy 
 30 points

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If i want to file gstr 9 then in which table should i show itc on car

avater

CA Sachin Jain (Practicing CA)     21 September 2020

CA Sachin Jain
Practicing CA 
 11 likes  213 points

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You will have to lapse the said ITC in GSTR 9 and need not reverse.


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