Notes on GSTR-9/9C for the F.Y 2018-19 with Ex-11
Table of Contents
Notes on GSTR-9/9C for the F.Y 2018-19 with Ex-11
Excess Input Tax Credit claimed in Form GSTR-3B of F.Y 2017-18 reversed in F.Y.2018-19 and Short Input Tax Credit claimed in Form GSTR-3B of F.Y.2018-19 claimed in F.Y.2019-20 (Assuming).
Herewith I giving with an example for your better understanding.
Illustration-11.
“A” Tax Payer purchased inward supply of goods worth of Rs.90,000/- as per books. The rate of GST is @12% for the year 2017-18 and eligible Input tax credit as per books Rs.10,800/- He was filed GSTR-3B and mentioned inward supply of goods by mistake worth of Rs.1,00,000/- and claimed Input Tax credit of Rs.12,000/- only for the year 2017-18.
In the year of 2018-19, he was purchased inward supply of goods worth of Rs.1,00,000/- as per books and the GST rate is @12% and eligible Input Tax Credit of Rs.12,000/- and he was filed GSTR-3 B and mentioned in GSTR-3B inward supply of goods worth of Rs.65,000/- and claimed an Input tax credit of Rs.7,800/- as per GSTR-3B.
Related Topic:
Instructions of Form GSTR-9
During the year 2019-20 inward supply of goods Rs.85,000/- and eligible ITC of Rs.10,200/- as per books but as per GSTR-3B inward supply of goods shown as Rs.1,10,000/- and ITC claimed of Rs.13,200/-.Now we have to prepare a statement for how much he has to show Input tax credit in GSTR-9 and the impact of GSTR-9c for the year 2018-19.
Ans: 2017-18 & 2018-19:
| Year | Table | Description | Amount in Rs. |
| 2017-18 | As per books of accounts eligible for ITC | 10,800 | |
| As per GSTR-3B claimed ITC on inward supply | 12,000 |
GSTR-9 17-18 presentation:
| Table-6 | Detailed of Input tax credit availed during the F.Y | 12,000 |
| Table -7 | Details of Input Tax Credit Reversed and Ineligible ITC for the financial year | NIL |
| Table-12 | Reversal of Input Tax Credit availed during the previous financial year | 1,200 |
| Table-13 | Input Tax Credit availed for the previous F.Y | NIL |
2018-19: Presentation:
| Year | Table | Description | Amount in Rs. |
| 2018-19 | As per books of accounts eligible for ITC | 12,000 | |
| As per GSTR-3B claimed ITC on inward supply | 7,200 |
GSTR-9 of 2018-19.
| Table-6 | Details of Input Tax Credit availed during the Financial year | 7,800 |
| Table-7H | Other reversals (If any pl specify) | NIL |
| Table -8C | For Financial Year 2018-19 Input Tax Credit on inward supplies (Other than imports and inward supplies liable to RCM but includes services received from SEZs) received during the year 2018-19 but availed during the year 4/2019 to 9/2019. | 3,000 |
| Table 8D | Difference (A-(B+C) 2017-18 Financial year. | 4,200 |
| Table-8E | Input Tax Credit available but not availed (Out of D) | NIL |
| Table -12 | Reversal of Input Tax Credit availed during the previous financial year | NIL |
| Table-13 | Input Tax Credit availed for the previous financial year | 3,000 |
2019-20; Presentation:
| Year | Table | Description | Amount in Rs. |
| 2019-20 | As per books of accounts eligible for ITC | 10,200 | |
| As per GSTR-3B claimed ITC on inward supply | 13,200 |
| Table-6 | Details of Input Tax Credit availed during the Financial year | 13,200 |
| Table-7 | Details of Input Tax Credit reversed and ineligible Input Tax Credit for the F.Y. | NIL |
| Table -8C | For Financial Year 2018-19 Input Tax Credit on inward supplies (Other than imports and inward supplies liable to RCM but includes services received from SEZs) received during the year 2018-19 but availed during the year 4/2019 to 9/2019. |
NIL |
| Table 8D | Difference (A-(B+C) 2017-18 Financial year. | (-) 3,000 |
| Table-8E | Input Tax Credit available but not availed (Out of D) | NIL |
| Table -12 | Reversal of Input Tax Credit availed during the previous financial year | Nil |
| Table-13 | Input Tax Credit availed for the previous financial year | NIL |
Total of 3 years: As per books: Rs.33,000
As per GSTR-3B: Rs.33,000
As per GSTR-9: Rs.33,000
How to show the above “Excess Input Tax Credit claimed in Form GSTR-3B of F.Y 2017-18 reversed in F.Y.2018-19 and Short Input Tax Credit claimed in Form GSTR-3B of F.Y.2018-19 claimed in F.Y.2019-20 (Assuming)”.
Impact on Form GSTR-9C: 2018-19.
| Table -12 A | Input Tax Credit as per Audited Financial Statement for the State/Union Territory as per books of accounts of PAN Holder all over India | 12,000 |
| Table-12B | Input Tax Credit booked in earlier financial years claimed in the current financial year | (-) 1,200 |
| Table-12C | Input Tax Credit booked in the current financial year to be claimed in subsequent financial years | 3,000 |
| Table-12D | Input Tax Credit availed as per audited financial statements or books of account | 7,800 |
| Table-12E | Input Tax Credit claimed in annual return GSTR-9 | 7,800 |
| Table-12F | Un-reconciled Input Tax Credit | NIL |
| Imp: Note: | The difference in Table 8D of GSTR-9 is due to Table 12 of 2017-18 and Table 13 of F.Y.2018-19 | 4,200 |
Note: Optional to Table 12B, it takes a negative figure, hence one may disclose here otherwise it will be shown in 12 F as an unreconciled input tax credit.
Dear Colleagues, I have provided Illustration-11,” Excess Input Tax Credit claimed in Form GSTR-3B of F.Y 2017-18 reversed in F.Y.2018-19 and Short Input Tax Credit claimed in Form GSTR-3B of F.Y.2018-19 claimed in F.Y.2019-20 (Assuming).
Read the Copy:
