ITC reversal in GSTR 9 for F.Y. 2024-25

[JIGNESH SITAPARA]

Dear Experts,

I wish to reverse ITC which was credit against CONSTRUCTION COMMERCIAL BUILDING. Now, I wish to same ITC reverse in GSTR-9. Please guide me which table mention this ITC ?

[Sadanand Bulbule]

In your case, reversal of  blocked ITC falls under Section 17(5)(d) of the CGST Act, 2017. GSTR-9 is only a reporting annual return.

So such ITC has to be reversed via GSTR-03 as ineligible ITC.

AI Summary

Input tax credit on commercial building construction held blocked u/s 17(5)(d); reverse via GSTR-3B, not GSTR-9 Input tax credit attributable to construction of a commercial building is treated as blocked credit under section 17(5)(d) of the CGST Act, 2017, and must be reversed as ineligible ITC. The annual return in GSTR-9 is characterised as a reporting statement and does not itself effectuate reversal of such credit; accordingly, the reversal is to be carried out through the regular return mechanism by reporting it as ineligible ITC in GSTR-3B, with GSTR-9 reflecting the position only as a disclosure consequence.