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Table-8A of the GSTR-9 is an important section for taxpayers to note. It gets auto-populated with the Input Tax Credit (ITC) information for the entire financial year from the corresponding GSTR-2A returns. Therefore, the remaining fields in Table 8 must be filled in after a thorough verification by the taxpayers. The article covers more information on the significance of Table-8A in GSTR-9.
31st July 2021
The CBIC has exempted GST-registered taxpayers with annual aggregate turnover up to Rs.2 crore in FY 20-21 from filing Form GSTR-9.
30th July 2021
The CBIC has notified changes to Sections 35(5) and 44 of the CGST Act. The requirement to get a GST audit and certification done by a CA/CMA now stands removed. Taxpayers with a turnover exceeding Rs.5 crore in the previous financial year are required to file Form GSTR-9C on a self-certification basis. This change is applicable from FY 20-21 onwards. Further, Form GSTR-9C will be modified to support self-certification by the taxpayer.
28th May 2021
As per the 43rd GST Council meeting outcome, GSTR-9 shall continue to be optional for taxpayers with turnover up to Rs.2 crore, whereas GSTR-9C can be self-certified by taxpayers with turnover less than or equal to Rs.5 crore from FY 2020-21 onwards.
9th March 2021
The Form GSTR-9A has been disabled from FY 2019-20 onwards for composition taxpayers due to the introduction of GSTR-4 (Annual return). However, the GSTR-9A is optional and can be filed for FY 2017-18 and FY 2018-19.
28th February 2021
The due date to file GSTR-9 & GSTR-9C for the FY 2019-20 has been further extended up to 31st March 2021.
30th December 2020
The due date to file GSTR-9 & GSTR-9C for the FY 2019-20 has been extended up to 28th February 2021.
28th October 2020
The due date to file GSTR-9 & GSTR-9C for the FY 2018-19 has been extended up to 31st December 2020.
Table 8A in the annual Form GSTR-9 return contains details of the total input tax credit (ITC) available during the financial year from inward supplies. Inward supplies here includes all purchases made including services received from SEZs but excludes imports and inward supplies liable to reverse charge.
The ITC data will be auto-populated in this table on the basis of Tables 3 and 5 of Form GSTR-2A. This is in turn is auto-populated from the returns filed each month by the business entity’s suppliers in their Form GSTR-1. It also includes tax credits distributed by their non-resident suppliers in Form GSTR-5.
The GST portal gives the taxpayer the option to download the break-up of Table 8A data in an Excel file. Once the taxpayer logs in to his account, he needs to navigate to ‘Form GSTR-9 (Prepare Online)’, and then click on the button titled ‘Download Table 8A Document Details’. A zipped folder gets downloaded. Unzip the folder to extract the file. In cases where the data volume is huge, then different hyperlinks will be provided next to this button.
Taxpayers will be able to view the invoice-wise details and reconcile the same with their purchases register. The document-wise details, which will reflect all documents such as B2B, B2BA, CDNR and CDNRA sorted in the Excel file of Table 8A will also reflect the following data:
Table 8A in the GSTR-9 displays all the ITC data for a particular financial year. The accurate reporting of ITC data in Table 8A helps the taxpayer claim accurate ITC for that financial year. This table is not editable, which means that even if the ITC amounts reported are incorrect, the taxpayer cannot edit the same to enter the correct amounts.
Besides, GSTR-9 once filed cannot be revised. ITC reconciliation is an essential factor for taxpayers to reduce their tax liability to an optimal level. With the data in Table 8A and the document-wise break-up, taxpayers can reconcile ITC on an invoice-wise level. This will also help the business entity’s auditor in reporting any mismatches in ITC while preparing the annual reconciliation statement in Form GSTR-9C.
Hence, Table 8A is very important from an ITC claim perspective. If the amount of ITC reported in Table 8A happens to be less than the ITC reported in Form GSTR-2A or the books of accounts, then the taxpayer will need to end up paying a tax liability due to no fault of his.
There are many reasons why the data reported in Table 8A of the GSTR-9 does not match with the data reported in Form GSTR-2A. Some of them include-
Besides the above, there could also be ITC mismatches between the ITC reported each month in the GSTR-2A and the actual ITC recorded in the taxpayer’s books of accounts. The reasons for this could be:
ClearTax GST offers the most powerful Advanced Reconciliation Tool which comes with the intelligence to auto-identify and match entries, and assures that 100% ITC gets claimed. Some of the features of the Advanced Reconciliation Tool are:
A taxpayer cannot claim ITC for a financial year at the time of filing GSTR-9, since the GSTR-9 form for a financial year does not typically go live before the September month’s GSTR-3B due date of the succeeding financial year. Hence, the September GSTR-3B of the succeeding year is the last chance for ITC claims.
Also, reconciling and claiming ITC at the time of filing the annual GSTR-9 return is a time-consuming process as it needs to be done for the entire financial year. With ClearTax GST, in addition to our Advanced Reconciliation Tool, we offer a host of intelligent reports so that frequent reconciliation can be carried out on a monthly or quarterly basis. This will reduce the burden at the end of the financial year. These intelligent reports include-
The Health Check Report gives the taxpayer an overall summary of his business’ health in terms of the GST returns filing status, vendor compliance report, comparison between returns filed, and various insights and recommended actions to fill in any gaps in the GST returns.
The GSTR-3B Vs. GSTR-1 Comparison Report gives the taxpayer details of differences between the GSTR-3B and GSTR-1 returns filed, in terms of outward tax, outward taxable value, supplies under RCM in both returns, etc. The taxpayer can take action at a monthly, quarterly, or annual level, by comparing data at a GSTIN-level or cumulatively at a PAN level.
GSTR-3B Vs. GSTR-2A is an essential exercise that businesses must carry out to not miss out on claiming ITC. It helps businesses not just in claiming accurate ITC, but also in reversing any excess ITC claimed. This will, in turn, help avoid any potential demand notices from the tax authorities. ClearTax enables the easy reconciliation of data between Table 8A of the GSTR-9 and the purchase records. With our Advanced Reconciliation Tool, you can never miss out on claiming ITC on even a single invoice ever again. Save both time and taxes, and ensure 100% accuracy while filing GSTR-9.
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