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Reclaimed itc in gstr9

440 views 2 replies

Sumit Kothari

24 Points Joined July 2017

we have reclaimed itc in 3b table 4 b(2) and add these amount all other itc
then this reclaimed itc treatment in gstr9

Replies (2)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9505 Points Joined December 2011

In GSTR-9, the reclaimed ITC (Input Tax Credit) should be reported in the following tables: -

Table 4B(2): Reclaimed ITC (this is where you've already reported it) -

Table 8: Details of ITC availed during the year -

Table 9: Details of ITC reclaimed during the year In

Table 8, you should report the total ITC availed during the year, including the reclaimed ITC. In Table

9, you should report the details of the reclaimed ITC, including the amount and the reason for the reclaim. Additionally, you may also need to report the reclaimed ITC in

Table 7: Details of amendments made during the year, if the reclaim is related to an amendment made to the ITC availed in an earlier period.

It's important to ensure that the reclaimed ITC is properly accounted for and reported in GSTR-9 to avoid any potential issues or disputes with the tax authorities.

Please consult a tax professional or chartered accountant to ensure you're meeting the necessary requirements and following the correct procedures.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9505 Points Joined December 2011

In GSTR-9, the reclaimed ITC (Input Tax Credit) should be reported in the following tables: -

Table 4B(2): Reclaimed ITC (this is where you've already reported it) -

Table 8: Details of ITC availed during the year -

Table 9: Details of ITC reclaimed during the year In

Table 8, you should report the total ITC availed during the year, including the reclaimed ITC. In Table

9, you should report the details of the reclaimed ITC, including the amount and the reason for the reclaim. Additionally, you may also need to report the reclaimed ITC in

Table 7: Details of amendments made during the year, if the reclaim is related to an amendment made to the ITC availed in an earlier period.

It's important to ensure that the reclaimed ITC is properly accounted for and reported in GSTR-9 to avoid any potential issues or disputes with the tax authorities.

Please consult a tax professional or chartered accountant to ensure you're meeting the necessary requirements and following the correct procedures.

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