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Treatment of ITC reversed (4B2 of GSTR3B) and reclaimed (4D1 of GSTR3B) amount in GSTR-9, Goods and Services Tax - GST |
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Treatment of ITC reversed (4B2 of GSTR3B) and reclaimed (4D1 of GSTR3B) amount in GSTR-9 |
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How to show the amounts of ITC reversed and reclaimed in GSTR-3B in Annual Return GSTR-9 ? Should we show the reclaimed amount in column 6M of GSTR-9 and reversed amount in column 7H of GSTR-9 or is there any other method ? Posts / Replies Showing Replies 1 to 8 of 8 Records Page: 1
What was the reason for reversal and reclaiming? was it because of non-payment within 180 days?
Reversal and reclaimed was done because goods were received in next month i.e. Invoice was raised in 1st month and goods were received in next month.
The reclaimed ITC should be shown in Column 6H of GSTR-9 and show the reversal in Column 7H
If we put in 6H then there will be an error in Table 8. The value will be excessively negative. This can be avoided if we put in 6m
Ld Ashish Ji, Negative Balance in 8D doesnot mean error per se. In your case, the negative balance should be reconciling with reversal in 7. I do not think 6M is the right table because as per instructions, it is for credit taken in ITC-01 etc
A lot of DRC are issued only because of negative Table 8 of GSTR-9. The heading of column 6M is "Any other ITC availed but not specified above". Can instructions be used as legal defence.
In my view, instruction is part of the form and unless it is contrary to the provisions of the Act or rules, i do not see any reason why one should simply ignore it. Even if the instructions are to be ignored, kindly note that Table 6H provides for "Amount of ITC reclaimed (other than B above) under the provisions of the Act" which specifically provides for your case. Since there is a specific column, I am of the view that declaring in 6M "Any other ITC availed but not specified above" is not proper. Nevertheless, I do not personally feel that department sending notices based on Table 8D difference is a valid enough reason to make an incorrect declaration. If at all any notice has been received, such notice can easily defended based on declaration in 6H and 7 of GSTR-9 itself. However, it is a personal call that one has to take.
Pls note that validity of reversal and reclaim for goods received in subsequent month based on the circular is all together a different issue and since the discussion is on disclosure, it is presumed to be done in accordance with the provisions of the Act. Page: 1 |
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