GSt Big Update GSTR 9 table 8C 6h & table 13 Analysis of Table 6 & 8 of GSTR 9 for FY 2023-24
24GST Annual Return & Reconciliation GSTIN Important Advisory to File GSTR 9 for FY 2023 24
As per the Notification No 12/2024 Central Tax dated 10th July 2024 read with Notification No.20/2024-Central Tax Dated 8th October 2024, for FY 2023-24 onwards, the total credit available for inwards supplies shall be auto-populated in the table 8A of Form GSTR 9 from GSTR-2B of the FY 23-24. Further, in table 8C of Form GSTR-9 total value of ITC on inwards supplies received during the FY but availed in next FY up to specified period, need to be filled manually.
2. Various tickets are received, wherein concerns have been raised regarding possible mismatch between the values of table 8A and 8C of Form GSTR-9 for FY 23-24. It is pertinent to mention that for FY 22-23 in table 8A of Form GSTR-9, values were getting auto populated from GSTR-2A however for FY 23-24 same are being auto populated from GSTR-2B. Therefore, to some extent, in Form GSTR-9 of FY 23-24, values in Table 8A will be inflated in respect of FY 22-23 at the same time values will be lower than expected in respect of FY 23-24, hence there will be a mismatch between the two tables i.e. 8A and 8C. Following are the adjustment covered in advisory
1. New GST Advisory for GSTR 9
2. Issue in GSTR 9 for FY 2023-24
3. ITC of 23-24 reported in 24-25
4. ITC claim and reversed in 23-24 and reclaimed claimed in 24-25
5. ITC of 23-24 claimed in 24-25 because goods not received
6. ITC of 22-23 claimed in 23-24
7. 22-23 ITC adjustment in Table 6 of GSTR 9 as per instruction 2A
8. ITC claimed, reversed and reclaimed in same year 2023-24