April 2024
M	T	W	T	F	S	S
1	2	3	4	5	6	7
8	9	10	11	12	13	14
15	16	17	18	19	20	21
22	23	24	25	26	27	28
29	30

Excess Input Tax Credit claimed in GSTR-3B of the Financial year 2017-18 reversed in Financial Year 2018-19, but short claimed in GSTR-3B of Financial Year 2018-19 and not claimed in Financial Year 2018-19- LAPSED.

Sep 11, 2020 by B S Seethapathi Rao in GST Compliances

Table of Contents

Excess Input Tax Credit claimed in GSTR-3B of the Financial year 2017-18 reversed in Financial Year 2018-19, but short claimed in GSTR-3B of Financial Year 2018-19 and not claimed in Financial Year 2018-19- LAPSED.

Herewith I giving with an example for your better understanding.

Illustration-7.

“A” Tax Payer purchased inward supply of goods worth Rs.1,00,000/- as per books. The rate of GST is @12% for the year 2017-18. He was filed GSTR-3B and mentioned inward supply of goods by mistake worth of Rs.1,20,000/- and claimed Input Tax credit of Rs.14.400/- only for the year 2017-18.

In the year of 2018-19, he has purchased an inward supply of goods worth of Rs.1,50,000/- as per books and the GST rate is @12% as per books and he was filed GSTR-3 B and mentioned in GSTR-3B inward supply of goods worth of Rs.90,000/- and claimed an Input tax credit of Rs.10,800/- as per GSTR-3B. 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	12000-00
		As per GSTR-3B claimed ITC on inward supply	14,400-00

GSTR-9 17-18 presentation:

Table-6	Detailed of Input tax credit availed during the F.Y	14,400-00
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	2,400-00
Table-13	Input Tax Credit availed for the previous F.Y	NIL

2018-19: Presentation:

Year	Table	Description	Amount in Rs.
2018-19		As per books of accounts eligible for ITC	18,000-00
		As per GSTR-3B claimed ITC on inward supply	10,800-00

GSTR-9 of 2018-19.

Table-6	Details of Input Tax Credit availed during the Financial year	10,800-00
Table-7F	Reversal of Tran-1Credit	NIL
Table -8D	Difference (A-(B+C)	7,200-00
Table 8E	Input Tax Credit available but not availed (out of D)(ITC of F.Y.2018-19	4,800-00
Table-12	Reversal of Input Tax Credit availed during previous F.Y	NIL
Table -13	Input Tax Credit availed for the previous F.Y	NIL

Total of 2 years: As per books: Rs.30,000-00

As per GSTR-3B+ Short Credit/Lapsed Credit= Rs.30,000-00

As per GSTR-9+ Short Credit / Lapse Credit=Rs.30,000-00

How to show the above Excess of Input Tax Credit Claimed for the F.Y 2017-18 in GSTR-9C for the F.Y 2018-19 and what is the impact on GSTR-9C of F.Y.2018-19.

Form GSTR-9C relevant Colum’s: 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	18000-00
Table-12B	Input Tax Credit booked in earlier financial years claimed in the current financial year	(-) 2,400-00
Table-12C	Input Tax Credit booked in the current financial year to be claimed in subsequent financial years	Nil
Table-12D	Input Tax Credit availed as per audited financial statements or books of account	15,600-00
Table-12E	Input Tax Credit claimed in annual return GSTR-9 (2018-19)	10,800-00
Table-12F	Un-reconciled Input Tax Credit i.e. Input tax credit booked in books but not claimed in GSTR-3B of F.Y.2018-19.	4,800-00
Imp: Note:	The difference in Table 8D of GSTR-9 is due to Table 13 of 2017-18 and Input Tax Credit lapsed of F.Y.2018-19	4,800-00

Dear Colleagues, I have provided Illustration-7 on Excess Input Tax Credit claimed in GSTR-3B of the Financial year 2017-18 reversed in Financial Year 2018-19, but short claimed in GSTR-3B of Financial Year 2018-19 and not claimed in Financial Year 2018-19- LAPSED.