ITC wrongly Taken in GST 3B

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47 Points Joined December 2013
GST ITC taken in the Mar 2024 GSTR - 2A Basics, But mar 24 Invoice uploaded GSTR-2B in the month of May 2024. How to show difference in GSTR-9.
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On 20 December 2024 at 14:58 Report
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Master in Accounts & high court Advocate
9434 Points Joined December 2011

Scenario:_ You took ITC in Mar 2024 GSTR-3B based on GSTR-2A, but the corresponding invoice was uploaded in GSTR-2B in May 2024.

_Reconciliation in GSTR-9:_ To show the difference in GSTR-9: 1. _Table 8A of GSTR-9_: Report the ITC taken in Mar 2024 GSTR-3B based on GSTR-2A.

 2. _Table 8B of GSTR-9_: Report the ITC as per GSTR-2B, which was uploaded in May 2024.

3. _Table 8C of GSTR-9_: Reconcile the difference between the ITC taken in Mar 2024 GSTR-3B and the ITC as per GSTR-2B.

4. _Table 8D of GSTR-9_: If there is any excess ITC claimed, it should be reversed in this table. _Important Points:_ -

 Ensure that you maintain proper documentation, including invoices and GSTR-2B reports, to support the ITC claimed. - Reconcile the ITC differences carefully to avoid any potential disputes or penalties. -

 

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On 20 December 2024 at 15:25
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27987 Points Joined May 2017

You hv to revise it next quarter depending on the returns are submitted.

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On 22 December 2024 at 07:38


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