GSTR9C - ITC of 2017-18 FY Claimed in GSTR3B of 2018-19

[Rajendra Prasad]

Dear Sir,

I have claimed 2017-18 FY ITC of ₹ 75000/- in GSTR-3B of 2018-19.

This ₹ 75,000/- towards Bank Charges.

Now I am preparing the GSTR 9C.

Am I required to show this in Part IV / Table 14 Sl.No. J

Please clarify.

[Atul Rathod]

If not booked in Books of accounts as well--Not required to show in GSTR-9C & shown in table 8 of GSTR-9

If booked in BOA for 2017-18 but cliamed in Books as well as in returns in 2018-19:- show in both GSTR 9C & 9.

[Rajendra Prasad]

Dear Atul Sir,

In the FY 2017-18 Bank Charges are accounted in books along with GST as an expenditure. Bank did not give invoice and party is also not aware about the GST on bank charges.

2017-18 FY ITC credit on bank charges were taken in GSTR-3B of 2018-19 FY

Please clarify whether it is accounted in books of accounts or not.

Please clarify whether this is required to be shown in GSTR 9 / 9C of 2017-18 FY.

Please clarify.

[Atul Rathod]

It is fundamentally wrong. I believe if you are not claiming as expense than you can take itc of gst portion. But in your case you have taken expenditure as well as itc of gst portion.

As per my opinion- not required to show in 9C and only you should show in table 8 of GSTR 9.

AI Summary

Clarification on Reporting 2017-18 ITC for Bank Charges in GSTR-9C and GSTR-9; Consider Table 8 for Discrepancies. A user inquired about whether to report an Input Tax Credit (ITC) of 75,000 for bank charges from the 2017-18 fiscal year, claimed in the GSTR-3B of 2018-19, in the GSTR-9C. A respondent advised that if the amount was not booked in the books of accounts, it should not be shown in GSTR-9C but in table 8 of GSTR-9. If booked in 2017-18 but claimed in 2018-19, it should be shown in both GSTR-9C and GSTR-9. The user confirmed the bank charges were accounted for in 2017-18, seeking further clarification.