1.Corrected in the same financial Year
a. Show Actual credit availed as per 3B in Table 6
b. Show reversal in Table 7
Example
As per books | IGST | CGST | SGST | Cess | |
3B – Table 4(A)(5)
|
1000 | ||||
3B Table 4(C) | 1000 | ||||
As reported in 3B – April 2020
|
|||||
3B – Table 4(A)(5)
|
500 | 500 | |||
3B Table 4(C) | 500 | 500 | |||
As reported in 3B – May2020
|
|||||
3B – Table 4(A)(5)
|
1000 | ||||
3B – Table 4(B)(2)
|
500 | 500 | |||
3B Table 4(C) | 1000 | -500 | -500 | ||
GSTR-9 | |||||
Table 6 | 1000 | 0 | 0 | ||
Table 7H | 500 | 500 | |||
2. If corrected in subsequent period,
a. Show Actual credit availed as per 3B in Table 6
b. show credit availed under wrong head in Table 12 and Credit availed in proper head in Table 13
Example
As per books | IGST | CGST | SGST | Cess | |
3B – Table 4(A)(5)
|
1000 | ||||
3B Table 4(C) | 1000 | ||||
As reported in 3B – April 2020
|
|||||
3B – Table 4(A)(5)
|
500 | 500 | |||
3B Table 4(C) | 500 | 500 | |||
As reported in 3B – April 2021
|
|||||
3B – Table 4(A)(5)
|
1000 | ||||
3B – Table 4(B)(2)
|
500 | 500 | |||
3B Table 4(C) | 1000 | -500 | -500 | ||
GSTR-9 Table 6/12/13
|
|||||
6 | 1000 | 0 | 0 | ||
12 | -500 | -500 | |||
13 | 1000 |
3. If not corrected and now client wants to pay ineligible credit of C+S through DRC 03
a. Show Actual credit availed as per 3B in Table 6
b. Credit availed under Wrong head to be shown in Table 7 and DRC 03 AR
Example
As per books | IGST | CGST | SGST | Cess | |
3B – Table 4(A)(5)
|
1000 | ||||
3B Table 4(C) | 1000 | ||||
As reported in 3B – April 2020
|
|||||
3B – Table 4(A)(5)
|
500 | 500 | |||
3B Table 4(C) | 500 | 500 | |||
GSTR-9 | |||||
Table 6 | 500 | 500 | |||
Table 7H | 500 | 500 |
Correction with DRC 03 – Annual Return Option
4. Did nothing, no taxes paid nor corrected in subsequent year availed
a. Show Actual credit availed as per GSTR 3B in Table 6
b. Assesse has to explain during the assessment
Example
As per books | IGST | CGST | SGST | Cess | |
3B – Table 4(A)(5)
|
1000 | ||||
3B Table 4(C) | 1000 | ||||
As reported in 3B – April 2020
|
|||||
3B – Table 4(A)(5)
|
500 | 500 | |||
3B Table 4(C) | 500 | 500 | |||
GSTR-9 | |||||
Table 6 | 1000 |
Reverse through DRC 03 along with Interest from the date of availing the credit.
As per books | IGST | CGST | SGST | Cess | |
3B – Table 4(A)(5)
|
1000 | ||||
3B Table 4(C) | 1000 | ||||
3B Table 4(D) | 100 | ||||
As reported in 3B – April 2020
|
|||||
3B – Table 4(A)(5)
|
1000 | ||||
3B Table 4(C) | 1000 | ||||
GSTR-9 | |||||
Table 6 | 1000 |
Correction with DRC 03 – Annual Return Option The payment can only be made using Electronic Credit Ledger and not Electronic Cash Ledger
Need not Reverse, if all the conditions under Section 16 are fulfilled, Subject to Rule 36(4) Restriction.
Example-
Purchase Invoice –
Taxable Amount = 20000
GST Rate = 18%
IGST = 3600
The amount is not visible in 2A
Claimed in Table Table 4(A)(5) of GSTR 3B – Claimed under 5% Rule (105% of ITC visible in 2A can be claimed)
Treatment in GSTR 9
Table 6 –
IGST = 3600
If Place of Supply is not same as Location of Recipient, the credit of CGST & SGST is not available and will not be visible in Table 8A. So, it is to be Reversed along with Interest and to be reported in Table 7 other Reversals.
Example
A’s GSTIN belongs to Karnataka, he bought goods from a supplier B and asked him to ship it Haryana. The Place of Supply mentioned by the B in GSTR 1 is Haryana (06) instead of Karnataka (29).
A claimed the ITC in his 3B and not reversed till date.
Solution – It has to be reversed in Table 7 of GSTR 9.
It has to be reported in Table 13 of GSTR 9
Example
IGST | CGST | SGST | Cess | ||
As per books | |||||
3B – Table 4(A)(5)
|
1000 | ||||
3B Table 4(C) | 1000 | ||||
As reported in 3B – April 2021
|
|||||
3B – Table 4(A)(5)
|
1000 | ||||
3B Table 4(C) | 1000 | ||||
GSTR-9 Table 6/12/13
|
|||||
Table 13 | 1000 |
Documents which were earlier used for filing of GSTR-9C need to be submitted. The requirement of audit has been removed by Notification No 29/2021. Instead, GSTR-9C is to be self certified by the businesses themselves.
If GSTR 1 is filed within September due date by the Supplier, it is eligible credit and can be claimed.
Report in 8G in year of payment.
Report in 6E & 8H in year of claim
1.Rule 42/43 Reversal shown as reduction in 4(A)(5)
a)In 6B show Gross Credit
b)In 7C/7D show the reversal
c)In 8B we will get Gross credit that matches with 8A
2. Rule 37 Reversal shown as reduction in 4(A)(5)
a) In 6B show Gross Credit
b) In 7A show the reversal
c) In 8B we will get Gross credit that matches with 8A
3. Other Reversal
a) In 6B show Net Credit
1.Eligible Credit to b e reported in Table 4A(3) of GSTR-3b & ineligible Table 4(D)(2)
2.Only eligible credit to be shown in Table 6G of GSTR-9