Reporting in gstr9 of ITC of Previous year reversed in current year gstr 3b (april24)

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4 Points Joined February 2021

There was ITC available of March 24 but it didnot appear in gstr 2b as supplier didnot filled the return .

The ITC was then available in gstr 2b of April 24 and so it was claimed in April 24 and reversed in April 24.

Pls guide on how to deal with the situation in gstr 9

Whether it will only be reported in point 12 ??

 

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On 28 November 2024 at 22:30 Report
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Master in Accounts & high court Advocate
9489 Points Joined December 2011

Since the ITC was available in GSTR-2B for April 24, and you claimed it in April 24, but reversed it in the same month, here's how to deal with the situation in GSTR-9: GSTR-9 Reporting

 1. *Table 12: Reconciliation of ITC claimed in GSTR-3B*: Report the ITC claimed in April 24, which was reversed in the same month. This will ensure that the ITC is not counted twice.

 2. *Table 13: Reconciliation of ITC claimed in GSTR-3B with GSTR-2A*: You may not need to report anything in this table, as the ITC was claimed and reversed in the same month.

 3. Table 14: Reconciliation of tax paid

: Ensure that the tax paid is correctly reported, considering the reversed ITC. Additional Considerations

- Verify that the ITC reversal is correctly reflected in your GSTR-3B for April 24. - Maintain documentation to support the ITC reversal, in case of any future audits or queries.

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On 04 December 2024 at 10:19


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