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Notes on GSTR-9/9C for the F.Y 2018-19 with Ex-11

Notes on GSTR-9/9C for the F.Y 2018-19 with Ex-11 

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

Herewith I giving with an example for your better understanding.

Illustration-11.

“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/- He was filed GSTR-3B and mentioned inward supply of goods by mistake worth of Rs.1,00,000/- and claimed Input Tax credit of Rs.12,000/- 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/- and he was filed GSTR-3 B and mentioned in GSTR-3B inward supply of goods worth of Rs.65,000/- and claimed an Input tax credit of Rs.7,800/- as per GSTR-3B.

During the year 2019-20 inward supply of goods Rs.85,000/- and eligible ITC of Rs.10,200/- as per books but as per GSTR-3B inward supply of goods shown as Rs.1,10,000/- and ITC claimed of Rs.13,200/-.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 12,000

 

GSTR-9 17-18 presentation:

Table-6 Detailed of Input tax credit availed during the F.Y 12,000
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 1,200
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 12,000
    As per GSTR-3B claimed ITC on inward supply 7,200

 

GSTR-9 of 2018-19.

Table-6 Details of Input Tax Credit availed during the Financial year 7,800
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. 3,000
Table 8D

Difference (A-(B+C) 2017-18 Financial year.

4,200
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

3,000

 

2019-20; Presentation:

Year Table Description Amount in Rs.
2019-20   As per books of accounts eligible for ITC 10,200
    As per GSTR-3B claimed ITC on inward supply 13,200

 

Table-6 Details of Input Tax Credit availed during the Financial year 13,200
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. (-) 3,000
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.33,000

As per GSTR-3B: Rs.33,000

As per GSTR-9: Rs.33,000

How to show the above “Excess Input Tax Credit claimed in Form GSTR-3B of F.Y 2017-18 reversed in F.Y.2018-19 and Short Input Tax Credit claimed in Form GSTR-3B of F.Y.2018-19 claimed in F.Y.2019-20 (Assuming)”.

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 (-) 1,200
Table-12C  Input Tax Credit booked in the current financial year to be claimed in subsequent financial years 3,000
Table-12D Input Tax Credit availed as per audited financial statements or books of account 7,800
Table-12E Input Tax Credit claimed in annual return GSTR-9 7,800
Table-12F Un-reconciled Input Tax Credit NIL
Imp: Note:

The difference in Table 8D of GSTR-9 is due to Table 12 of 2017-18 and Table 13 of F.Y.2018-19

4,200

 

Note: Optional to Table 12B, it takes a negative figure, hence one may disclose here otherwise it will be shown in 12 F as an unreconciled input tax credit.

Dear Colleagues, I have provided Illustration-11,” Excess Input Tax Credit claimed in Form GSTR-3B of F.Y 2017-18 reversed in F.Y.2018-19 and Short Input Tax Credit claimed in Form GSTR-3B of F.Y.2018-19 claimed in F.Y.2019-20 (Assuming).

Read the Copy:

Notes on GSTR-9/9C for the F.Y 2018-19 with Ex-11

 

Profile photo of B S Seethapathi Rao B S Seethapathi Rao

East Godavari, India

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