Advisory on difference in value of Table 8A and 8C of Annual Returns FY 23-24
Dec 9th, 2024
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. Few scenarios in this regard are advised hereunder: -
Sr. Issue Reporting in GSTR 9 No. Invoice having the date of FY 23-24 but the supplier has reported in the GSTR 1 after the Taxpayer shall report such ITC in the Table 8C due date of March’24. As a result, this amount and in Table 13 as this is the ITC of FY 2023-24. 1 is not auto populated in the Table 8A of GSTR 9 This is in line with the instructions to the Table 8C for FY 2023-24 because it is the part of next and Table 13 of GSTR 9 years GSTR 2B. How to report such transaction in the GSTR 9 of FY 23-24? Invoice belongs to FY 23-24 and ITC has been claimed in FY 23-24. Due to payment not made This reclaimed ITC shall be reported in the table to supplier within 180 days, ITC was reversed 6H of GSTR 9 for FY 24-25 hence not in the Table in 23-24 as per the second proviso to section 8C and Table 13 of GSTR 9 of FY 2023-24. This 2 16(2) and this ITC is reclaimed in next Year FY is in line with the Instruction to the Table 13 given 2024-25, after making the payment to supplier. in the Notified Form GSTR 9. Similar reporting is How to report such transaction in the GSTR 9 applicable for the ITC reclaimed as per Rule 37A of FY 23-24? Invoice belongs to FY 2023-24 but goods not received in 23-24 therefore ITC is claimed in Table 4A5 of GSTR 3B and reversed in Table Taxpayer shall report such reclaimed ITC in the 3 4B2 as per the guidelines of Circular 170 and Table 8C and Table 13 as this is the ITC of FY such ITC reclaimed in next FY 2024-25 till the 2023-24. specified time period. How to report such transaction in the GSTR 9 of FY 23-24? This is the ITC of last year (2022-23) and was Invoice belongs to FY 22-23 which is appearing auto populated in table 8A of GSTR-9 of FY 22- in the Table 8A of GSTR 9 of FY 23-24 , as the 23. Hence, aforesaid value need not to be reported 4 supplier would have reported the same in GSTR in the table 8C and Table 13 of GSTR-9 for FY 1 after the due date of filing of GSTR-1 for the 23-24. This is in line with the instruction no 2A tax period of March 23. How to report such given for the notified form GSTR 9 which states transaction in the GSTR 9 of FY 23-24? that Table 4,5,6 and Table 7 should have the details of current FY only As already clarified by the CBIC press release 3rd July 2019 in the para k, It may be noted that the label in Table 6H clearly states that information Where to report the reclaim of ITC for an declared in Table 6H is exclusive of Table 6B. Therefore, information of such input tax credit is Invoice which belongs to FY 2023-24, and 5 to be declared in one of the rows only. which is claimed, reversed and reclaimed in the same year? Further, as the claim and reclaim is reported only in one row therefore the same should not be reported in the reversal under table 7 of GSTR 9 of FY 23-24.
Final Draft Notice of Motion: PETRONEFT INTERNATIONAL LIMITED, GLENCORE ENERGY UK LIMITED versus THE MINISTER OF MINES AND ENERGY, THE GOVERNMENT OF THE REPUBLIC OF NAMIBIA, NATIONAL PETROLEUM CORPORATION OF NAMIBIA(PROPRIETY) LIMITED
