Input Tax Credit reporting in GST Annual Returns GSTR-9

[Sridhar Lakshminarasimhan]

Dear Experts

Please clarify the following pertaining to reporting of  ITC in GST Annual returns

Where do we report the following transactions in GSTR-9 for FY 2024-25 with regard to Table 6, 7, 12 and 13.

1. ITC of FY 2023-24 claimed in GSTR-3B of FY 2024-25 and permanently reversed in FY 2024-25

2. ITC of FY 2023-24 claimed in GSTR-3B of  FY 2023-24, temporarily reversed in FY 2023-24. reclaimed in FY 2024-25 and permanently reversed in FY 2024-25

Thanks

Ramakrishna V

AI Summary

Reporting prior-year ITC availment, reclaims and permanent reversals in GSTR-9 FY 2024-25 under Section 16 A taxpayer seeks guidance on correctly reporting input tax credit (ITC) related to prior financial years in the GST Annual Return GSTR-9 for FY 2024-25, specifically in Tables 6, 7, 12, and 13. The queries concern: (1) ITC pertaining to FY 2023-24 that was first availed in GSTR-3B of FY 2024-25 and then permanently reversed in FY 2024-25; and (2) ITC of FY 2023-24 that was availed and temporarily reversed in FY 2023-24, subsequently reclaimed in FY 2024-25, and later permanently reversed in FY 2024-25. The taxpayer seeks clarity on correct disclosure of these adjustments in the annual return.