ITC RELATED IN GSTR9 AND GSTR9C OF 2020-21

[KERAGODEGOPALARAO ANANTHARAO]

Dear Sir,

1. Goods are invoiced in 31/03/2021, but goods are received in April -2021.

2. The ITC is uploaded in GSTR-2A during 2020-21.

3. The ITC claimed in 2021-22.

4. The purchases and ITC are uploaded in GSTR-3B of April - 2021.

Query:-

In table 8 of GSTR-9, the ITC uploaded in GSTR-2A is reflecting by including invoice of March 2021.

In the books as well as in GSTR-3B of March 2021 the above purchases is not considered as goods received in April - 2021.

Where the above ITC is to be adjusted in GSTR-9 and GSTR-9C.

Kindly clarifi

[Ganeshan Kalyani]

In my view, you need not show the ITC of Mar 21 which you claimed in Apr21 as it was received in Apr21 in table 8. 8A will show more and 8D will show difference which you can let is be. You will show this ITC in FY 2021-22 annual return.

AI Summary

Input tax credit timing: report ITC in the annual return of the year goods were received and ITC was claimed.
When tax invoices are dated in March but goods are received and ITC is claimed in April, the Input Tax Credit should be reported in the annual return of the financial year in which it was received and claimed. Table 8 of the prior year's GSTR-9 need not be adjusted for such ITC; Table 8A may show higher auto-populated values and Table 8D will capture timing differences, which can be treated as reconciliatory variances and explained in GSTR-9C.