Question ID :
Tratment of ITC Diff in GSTR9
Details of Query:
- ITC ledger as per audited books of account (F.Y. 17-18) Rs.
- ITC as per filed 3B for F.Y. 17-18 was Rs. 90
- But actually our eligible ITC was only Rs. 60.
Hence we reversed excess claimed ITC of Rs. 30 in 3B returns of next F.Y. 18-19 and also reversed ITC excess ITC of Rs .40 in books of FY 18-19 (since FY 17-18 were audited).
What will be treatment in GSTR 9 C Form ???
Is below treatment would be correct one or Other, please suggest ?
Point 12 in Pt. II of Form 9C
12.A. - ITC availed as per audited Annual Financial Statement : i.e. 100
12.E. - ITC claimed in Annual Return (GSTR9 – point 7J): i.e. 90
12.F.- Un-reconciled ITC : 10
Then we can mention - Reasons for un-reconciled difference in ITC can be writteen as under:
Reason 1 .ITC reversed in 3B of next filed 3B return Rs. 30
Reason 2. ITC Reversed in books of F.Y. 18-19 (but related to Previous year F.Y. 17-18) Rs. 40.
Jan 21 2020 12:00AM