TMI BlogTreatment of ITC reversed (4B2 of GSTR3B) and reclaimed (4D1 of GSTR3B) amount in GSTR-9X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ? - Reply By Padmanathan Kollengode - The Reply = What was the reason for reversal and reclaiming? was it because of non-payment within 180 days? - Reply By Ashish ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Gupta - The Reply = 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. - Reply By GUNASEKARAN K - The Reply = The reclaimed ITC should be shown in Column 6H of GSTR-9 and show the reversal in Column 7H - Reply By Ashish Gupta - The Reply = If we put in 6H then there will be an error in T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able 8. The value will be excessively negative. This can be avoided if we put in 6m - Reply By Padmanathan Kollengode - The Reply = 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 - Reply By A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shish Gupta - The Reply = 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. - Reply By Padmanathan Kollengode - The Reply = 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - Reply By Padmanathan Kollengode - The Reply = Pls note that validity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - Treatment of ITC reversed (4B2 of GSTR3B) and reclaimed (4D1 of GSTR3B) amount in GSTR-9 - Query Started By: - Ashish Gupta Dated:- 11-12-2023 Last Replied Date: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - 20-12-2023 Goods and Services Tax - GST - Got 8 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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