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?

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.