Quick Summary
As per Notification No 12/2024 Central Tax dated 10th July 2024 read with Notification No.20/2024-Central Tax Dated 8th October 2024, for FY 2023-24 onwards, the total credit available for inwards supplies shall be auto-populated in the table 8A of Form GSTR 9 from GSTR-2B of the FY 23-24. Further, in table 8C of Form GSTR-9 total value of ITC on inwards supplies received during the FY but availed in next FY up to specified period, need to be filled manually. 2. Various tickets are received, wh
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
For FY 2023-24, Table 8A auto-populates credit from GSTR-2B, while Table 8C is for manually entered ITC availed in the next FY. This change from FY 2022-23 (which used GSTR-2A) causes an expected mismatch, with 8A appearing higher for the previous year and lower for the current year.
If an invoice is dated FY 23-24 but the supplier reports it after the March '24 due date, it won't auto-populate in Table 8A. You should report this ITC in Table 8C and Table 13 of your GSTR 9 for FY 23-24.
If ITC for FY 23-24 was reversed due to non-payment within 180 days and reclaimed in FY 2024-25, this reclaimed ITC should be reported in Table 6H of GSTR 9 for FY 24-25, not in Table 8C or Table 13 for FY 23-24.
For invoices belonging to FY 2023-24 where goods weren't received, leading to ITC claimed and reversed, but then reclaimed in FY 2024-25, this reclaimed ITC should be reported in Table 8C and Table 13 of GSTR 9 for FY 2023-24.
No, if an invoice from FY 22-23 appears in Table 8A of your FY 23-24 GSTR 9 (due to late filing by the supplier), you should not report it in Table 8C or Table 13. This ITC pertains to the previous financial year.
CAclubindia
