gstr-9 reporting

[Madhavan iyengar]

Company A sold material in July 17 worth ₹ 100000/- @18% GST - of ₹ 18000/- was charged and out put liability has been discharged

Now in Sept 17 the material was returned back by the recipient B in Oct 17 under challan as a supply

Company A took ITC in Nov 17 in 3B of the returned material but did not show it as purchase instead shown in GSTR-1 as credit note however in 3B credit note was not shown and the and accordingly liability not adjusted

this is a case of itc taken in 3B on return material, but corresponding credit note shown in GSTR-1 however credit note not adjusted in 3B

how above is to be disclosed in the GSTR-9 by company A

AI Summary

GSTR-9 disclosure: align annual return with books; correct Part II entries and reverse wrongly claimed ITC in the reversal head.
When a returned supply generated a credit note in GSTR 1 but input tax credit was claimed in GSTR 3B and not adjusted, GSTR 9 must follow the books of account: rectify auto populated Part II entries to match ledger treatment (sales return or purchase) and, if ITC was wrongly taken, disclose a reversal under the prescribed reversal head (7H) so the annual return reconciles with accounting records.