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

ITC claimed in a later return: disclose in annual return unless recorded in earlier books, then include in reconciliation. Whether Input Tax Credit taken in a later-period return for bank charges must be reported in the earlier-period annual return reconciliation depends on its recording in the earlier books of accounts: if not recorded in books then it is not required in the reconciliation statement and should be disclosed in the annual return; if recorded in books and claimed later, it should be shown in both the annual return and the reconciliation statement.