Advisory on Differences in Table 8A and 8C of GSTR-9 for FY 2023-24
The introduction of GSTR-2B-based auto-population in Table 8A of Form GSTR-9 for FY 2023-24 has led to discrepancies compared to the previous GSTR-2A-based system. Additionally, Table 8C requires manual entry for ITC claimed in the subsequent year. This change has caused potential mismatches, especially in cases where invoices span different financial years.
To address these concerns, here’s a simplified explanation of five common scenarios and how to report them:
1. Invoice for FY 23-24, reported late in GSTR-1
• Issue: Supplier filed GSTR-1 late, so the invoice didn’t appear in Table 8A for FY 23-24.
• Solution: Report ITC in Table 8C and Table 13 since it belongs to FY 23-24
2. ITC claimed and reversed in FY 23-24 but reclaimed in FY 24-25
• Issue: ITC was reversed due to non-payment to the supplier (within 180 days) and reclaimed after payment in FY 24-25.
• Solution: Report reclaimed ITC in Table 6H of FY 24-25, not in FY 23-24 (Table 8C or Table 13).
3. Goods received late, ITC reclaimed in FY 24-25
• Issue: Invoice pertains to FY 23-24, but goods were received in FY 24-25, so ITC was claimed and reversed in FY 23-24, then reclaimed in FY 24-25.
• Solution: Report reclaimed ITC in Table 8C and Table 13, as it belongs to FY 23-24.
4. FY 22-23 invoice reported late in Table 8A of FY 23-24
• Issue: Invoice for FY 22-23 appeared in Table 8A of FY 23-24 because the supplier reported it late.
• Solution: Do not report this ITC in Table 8C or Table 13 of FY 23-24, as it pertains to FY 22-23.
5. ITC claimed, reversed, and reclaimed in FY 23-24
• Issue: An invoice for FY 23-24 had ITC claimed, reversed, and reclaimed within the same year.
• Solution: Report ITC in Table 6B or 6H (not both). Do not report the reversal in Table 7.
Key Takeaways
These reporting guidelines help ensure accurate filing of GSTR-9 while avoiding mismatches between Tables 8A and 8C. Businesses should carefully verify ITC claims and follow instructions to ensure compliance with the updated format.
Read more by clicking this link https://www.gst.gov.in/newsandupdates/read/557.
Disclaimer: This material and the information contained herein is intended for clients and other Chartered Accountants to provide updates and is not an exhaustive treatment of such subject. We are not, by means of this material, rendering any professional advice or services. It should not be relied upon as the sole basis for any decision which may affect you or your business.
