Reporting of Ineligibe ITC wrongly claimed in P.Y.17-18 in GSTR-9

[NISHANT SHAH]

Dear Experts,

My firm had wrongly claimed ITC on Factory Building for F.Y.17-18 & 18-19 by ₹ 150000 & ₹ 300000 respectively. Now, Entire ITC reversed in Books of account as on 31.01.19( i.e, in F.Y.18-19) of both the year as soon as we come to know that it is block credit u/s 17(5) and in portal, we made its reversal through DRC-03 from E-Credit Ledger in 01.10.20(i.e, in F.Y.19-20) since we had sufficient credit balance lying in e-credit ledger account.

Now, following question arise.

How to report these wrongly claimed credit in GSTR-9 Whether in Table-7H( Other Reversal)

or at any other place?

Please help me with proper guidance about how to report in GSTR-9/9C..

[Alkesh Jani]

Sir,

Yes, you can show the figures at Table 7H. For the period 2017-18 and 2018-19, you have the option to show the consolidated ITC reversed at Table 7H.

Thanks

[NISHANT SHAH]

Sir, any effect on GSTR-9C since if I will do reversal in that 7H, difference in ITC would come and reco of same to re reported in GSTR-9C (unreconciled itc)??

AI Summary

Input tax credit reporting: consolidated reversal should be shown in GSTR-9 Table 7H to record wrong claims. Wrongly claimed input tax credit on a blocked asset was reversed in books in a subsequent year and later reversed on the portal by debiting the electronic credit ledger; the practitioner advised that the consolidated ITC reversed for the earlier fiscal years may be shown in the annual return's Table 7H (Other Reversal) as the reporting location for those adjustments.