Treatment of ITC reversed (4B2 of GSTR3B) and reclaimed (4D1 of GSTR3B) amount in GSTR-9

[Ashish Gupta]

How to show the amounts of ITC reversed and reclaimed in GSTR-3B in Annual Return GSTR-9 ?

Should we show the reclaimed amount in column 6M of GSTR-9 and reversed amount in column 7H of GSTR-9 or is there any other method ?

AI Summary

Forum Debates Correct Reporting of ITC Reversal and Reclaim in GSTR-9, Columns 6H, 6M, and 7H Discussed A discussion on a forum addresses the correct reporting of Input Tax Credit (ITC) reversal and reclaim in the GSTR-9 annual return. Participants debate whether to report the reclaimed ITC in Column 6H or 6M and the reversed ITC in Column 7H. The conversation highlights concerns about negative balances in Table 8D and the issuance of notices due to these discrepancies. Contributors express differing opinions on the correct columns for reporting, referencing instructions and past advisories, while seeking a solution that avoids errors and potential notices from tax authorities.