TaxTMI 
TaxTMI 
Claim of ITC after filing of annual accounts
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....laim of ITC after filing of annual accounts<br> Query (Issue) Started By: - ROHIT GOEL Dated:- 9-11-2019 Last Reply Date:- 10-11-2019 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Dear Sir, One of our clients filed their Financials for FY 2017-18 in August 2018. After filing of financials they realised that they had not claimed ITC on 3 invoices either in books (they had booked entire inv....
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....oice value as Expense) neither in GSTR-3B. Therefore, they claimed ITC on these invoices in Sep 2018 in GSTR-3B and also booked ITC in books (by reversing expense by way of Prior period item in Sep 2018). Now: 1. If we disclose the said ITC in GSTR-9 of FY 2017-18 as ITC of FY 2017-18 claimed in Apr-Sep 2018, then it creates un-reconciled difference in GSTR-9C of FY 2017-18 as it has not been c....
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....laimed in books and therefore creates tax demand in GSTR-9C. 2. However, instead if ITC is claimed in GSTR-9 of FY 2018-19, then it does not create any difference as ITC has been claimed in both Books and 3B in FY 2018-19. In this case, is such claim of ITC of FY 2017-18 in FY 2018-19 incorrect or bad in law? Please express your kind views on the same. Reply By Atul Rathod: The Reply: Hi, Dis....
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....close only in table 8 of GSTR-9. No where you need to disclose in GSTR-9C. 1. Say ₹ 100 has been claimed in BOA for 2017-18 whereas in returns for the period 2017-18 you have claimed 100 & 10 in Sep'18 return (in total for 2017-18-110) 2.₹ 100/- need to be disclosed in table 6 and ₹ 10 in table 8 of GSTR-9. 3. ₹ 100/- in table 12 of GSTR 9C & 10 would not appea anywh....
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....ere. 4. Further table 13 of GSTR-9C picks the figure of annual return from table 7J which is total of table 6 & 7 of GSTR-9 but does not take effect of table 8. 5. Thereby it would not show any unreconciled item. Hope its clear.<br> Discussion Forum - Knowledge Sharing ....