Summary of Advisory on Difference in Value of Table 8A and 8C of Annual Returns FY 2023-24
The advisory clarifies the difference between the values reported in Table 8A and Table 8C of Form GSTR-9 for the financial year 2023-24. This is primarily due to the shift in auto-population of values from GSTR-2A (for FY 2022-23) to GSTR-2B (for FY 2023-24). As a result, Table 8A for FY 2023-24 might show inflated values for FY 2022-23 and lower values for FY 2023-24. Below are key scenarios addressed in the advisory:
- Invoice with FY 23-24 Date but Reported After March 2024 in GSTR-1: The ITC for such invoices won’t auto-populate in Table 8A but must be reported in Table 8C and Table 13 of GSTR-9 for FY 2023-24.
- ITC Reclaimed in Next FY After Reversal in FY 2023-24: If ITC was reversed in FY 2023-24 and then reclaimed in FY 2024-25, it should be reported in Table 6H of GSTR-9 for FY 2024-25, not in Table 8C or Table 13 of FY 2023-24.
- Goods Not Received in FY 2023-24, ITC Claimed & Reversed: Such ITC, if reclaimed in FY 2024-25, should be reported in Table 8C and Table 13 of GSTR-9 for FY 2023-24.
- Invoice from FY 2022-23 Appearing in Table 8A of FY 2023-24: This ITC was already auto-populated in FY 2022-23 and should not be reported again in Table 8C of FY 2023-24.
- Reclaim of ITC in Same FY (FY 2023-24): If an invoice was claimed, reversed, and reclaimed within the same year, it should not be reported under Table 7 for reversal but only in Table 6H.
This guidance ensures accurate reporting in the GSTR-9 form for FY 2023-24 in line with the new GSTR-2B auto-population mechanism.
