UTILISATION OF INPUT CREDIT FOR BILLS SHOWN IN GSTR 9

[JAYANTL AASHER]

A QUERY. Certain sales bills inadvertently ommited in FY 21-22. Can they be shown in GSTR-9 and shown in the financial statements of the year . whether input credit can be adjusted against the bills?

[Shilpi Jain]

Any invoices missed in GSTR-1 can be shown in GST 9.

payment of tax for that can be done in DRC 03 by using credit also though the form specifically restricts utilization of credit no such restriction found in the law

[Ganeshan Kalyani]

In my view, you can show the missed invoices in GSTR-1 of the current month and also pay the tax thru current month GSTR-3B. You may report the same in GSTR-9 of F.Y, 2021-22.

[Bharat Cholleti]

FY 2021-22, NNo.18/2022 CTR allows to do rectifications up to 30-11-2022,which is clarified by CBIC recently.

[Ravinesh Sinha]

I agree with the view of sri Ganeshan ji as it can be verified easily from GSTR 2 for ITC purpose .

AI Summary

Missed 2021-22 sales invoices can be reported in GSTR-9 and rectified via GSTR-1, GSTR-3B; pay tax using DRC-03. A query was raised regarding the omission of certain sales bills in the financial year 2021-22 and whether they can be included in GSTR-9 and financial statements, and if input credit can be adjusted against these bills. Respondents suggested that missed invoices can be reported in GSTR-9 and rectified through GSTR-1 and GSTR-3B of the current month. It was noted that tax payment can be made using DRC-03, and rectifications are allowed until November 30, 2022, as per recent CBIC clarifications.