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Short Input Tax Credit claimed in GSTR-3B of F.Y.2017-18, claimed such ITC in F.Y 2018-19 and Excess Input Tax Credit claimed in GSTR-3B of F.Y.2018-19 reversed in F.Y.2019-20 ( Assuming).

Sep 14, 2020 by B S Seethapathi Rao in GST Compliances

Table of Contents

Short Input Tax Credit claimed in GSTR-3B of F.Y.2017-18, claimed such ITC in F.Y 2018-19 and Excess Input Tax Credit claimed in GSTR-3B of F.Y.2018-19 reversed in F.Y.2019-20 ( Assuming).

Herewith I giving with an example for your better understanding.

Illustration-9.

“A” Tax Payer purchased inward supply of goods worth of Rs.90,000/- as per books. The rate of GST is @12% for the year 2017-18 and eligible Input tax credit as per books Rs.10,800-00. He was filed GSTR-3B and mentioned inward supply of goods by mistake worth of Rs.60,000/- and claimed Input Tax credit of Rs.7,200/- only for the year 2017-18.

In the year of 2018-19, he was purchased inward supply of goods worth of Rs.1,00,000/- as per books and the GST rate is @12% and eligible Input Tax Credit of Rs.12,000-00 and he was filed GSTR-3 Band mentioned in GSTR-3B inward supply of goods worth of Rs.1,40,000/- and claimed an Input tax credit of Rs.16,800/- as per GSTR-3B. During the year 2019-20 inward supply of goods Rs.1,00,000/- and eligible ITC of Rs.12,000-00 as per books but as per GSTR-3B inward supply of goods shown as Rs.80,000-00 and ITC claimed of Rs.9,600-00.Now we have to prepare a statement for how much he has to show Input tax credit in GSTR-9 and the impact of GSTR-9c for the year 2018-19.

Ans: 2017-18 & 2018-19:

Year	Table	Description	Amount in Rs.
2017-18		As per books of accounts eligible for ITC	10,800
		As per GSTR-3B claimed ITC on inward supply	7,200

GSTR-9 17-18 presentation:

Table-6	Detailed of Input tax credit availed during the F.Y	7,200
Table -7	Details of Input Tax Credit Reversed and Ineligible ITC for the financial year	NIL
Table-12	Reversal of Input Tax Credit availed during the previous financial year	NIL
Table-13	Input Tax Credit availed for the previous F.Y	3,600

2018-19: Presentation:

Year	Table	Description	Amount in Rs.
2018-19		As per books of accounts eligible for ITC	12,000
		As per GSTR-3B claimed ITC on inward supply	16,800

GSTR-9 of 2018-19.

Table-6	Details of Input Tax Credit availed during the Financial year	16,800
Table-7H	Other reversals (If any pl specify)	NIL
Table -8C	For Financial Year 2018-19 Input Tax Credit on inward supplies (Other than imports and inward supplies liable to RCM but includes services received from SEZs) received during the year 2018-19 but availed during the year 4/2019 to 9/2019.	NIL
Table 8D	Difference (A-(B+C) 2017-18 Financial year.	(-) 4,800
Table-8E	Input Tax Credit available but not availed (Out of D)	NIL
Table -12	Reversal of Input Tax Credit availed during the previous financial year	1,200
Table-13	Input Tax Credit availed for the previous financial year	NIL

2019-20; Presentation:

Year	Table	Description	Amount in Rs.
2019-20		As per books of accounts eligible for ITC	12,000
		As per GSTR-3B claimed ITC on inward supply	9,600

Table-6	Details of Input Tax Credit availed during the Financial year	9,600
Table-7	Details of Input Tax Credit reversed and ineligible Input Tax Credit for the F.Y.	NIL
Table -8C	For Financial Year 2018-19 Input Tax Credit on inward supplies (Other than imports and inward supplies liable to RCM but includes services received from SEZs) received during the year 2018-19 but availed during the year 4/2019 to 9/2019.	NIL
Table 8D	Difference (A-(B+C) 2017-18 Financial year.	1,200
Table-8E	Input Tax Credit available but not availed (Out of D)	NIL
Table -12	Reversal of Input Tax Credit availed during the previous financial year	Nil
Table-13	Input Tax Credit availed for the previous financial year	NIL

Total of 3 years: As per books: Rs.34,8000

As per GSTR-3B+ Short Credit/Lapsed Credit= Rs.34,8000

As per GSTR-9+ Short Credit / Lapse Credit=Rs.34,8000

How to show the above Short of Input Tax Credit Claimed for the F.Y 2017-18 claimed in the Financial year 2018-19. Excess Input Tax Credit claimed in GSTR-3B of F.Y.2018-19, Reversed in F.Y.2019-20, and impact of GSTR-9C of 2018-19.

Impact on Form GSTR-9C: 2018-19.

Table -12 A	Input Tax Credit as per Audited Financial Statement for the State/Union Territory as per books of accounts of PAN Holder all over India	12,000
Table-12B	Input Tax Credit booked in earlier financial years claimed in the current financial year	3,600
Table-12C	Input Tax Credit booked in the current financial year to be claimed in subsequent financial years	(-) 1,200
Table-12D	Input Tax Credit availed as per audited financial statements or books of account	16,800
Table-12E	Input Tax Credit claimed in annual return GSTR-9	16,800
Table-12F	Un-reconciled Input Tax Credit	NIL
Imp: Note:	The difference in Table 8D of GSTR-9 is due to Table 13 of 2017-18	(-) 4,800

Dear Colleagues, I have provided Illustration-9, Short Input Tax Credit claimed in GSTR-3B of F.Y.2017-18, claimed such ITC in F.Y 2018-19 and Excess Input Tax Credit claimed in GSTR-3B of F.Y.2018-19 reversed in F.Y.2019-20 ( Assuming).