Advisory on Discrepancies in Table 8A and 8C of Annual Returns for FY 202324

SUBSCRIBE FOR FULL CONTENT


The Tax Publishers GST--GSTR-9 Advisory on Discrepancies in Table 8A and 8C of Annual Returns for FY 2023-24 Naitik P. Jhaveri On 9th December 2024, the Goods and Services Tax (GST) authorities have issued an advisory addressing discrepancy between Table 8A and Table 8C in the GST Annual Returns (GSTR-9) for the financial year 2023-24. The advisory highlights key reasons for mismatches, common scenarios, and their reporting guidelines. Below is a detailed explanation of the advisory. 1. Key Highlights of the Advisory As per Notification No. 12/2024-Central Tax dated 10th July 2024 and Notification No. 20/2024-Central Tax dated 8th October 2024: -- Table 8A of GSTR-9 auto-populates the total Input Tax Credit (ITC) available for Inward Supplies from the Form GSTR-2B for financial year 2023-24. -- Table 8C requires manual entry of ITC on Inward Supplies received during financial year 2023-24 but availed in the subsequent financial year, up to the specified period. 2. Detailed Scenarios and Reporting Guidelines The Advisory dated 9-12-2024 has discussed the following detailed scenarious and Reporting Guidelines on Discrepancies in table 8A and 8C of Annual Returns: SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

GST--GSTR-9

Advisory on Discrepancies in Table 8A and 8C of Annual Returns for FY 2023-24

Naitik P. Jhaveri

On 9th December 2024, the Goods and Services Tax (GST) authorities have issued an advisory addressing discrepancy between Table 8A and Table 8C in the GST Annual Returns (GSTR-9) for the financial year 2023-24. The advisory highlights key reasons for mismatches, common scenarios, and their reporting guidelines. Below is a detailed explanation of the advisory.

1. Key Highlights of the Advisory

As per Notification No. 12/2024-Central Tax dated 10th July 2024 and Notification No. 20/2024-Central Tax dated 8th October 2024:

-- Table 8A of GSTR-9 auto-populates the total Input Tax Credit (ITC) available for Inward Supplies from the Form GSTR-2B for financial year 2023-24.

-- Table 8C requires manual entry of ITC on Inward Supplies received during financial year 2023-24 but availed in the subsequent financial year, up to the specified period.

2. Detailed Scenarios and Reporting Guidelines

The Advisory dated 9-12-2024 has discussed the following detailed scenarious and Reporting Guidelines on Discrepancies in table 8A and 8C of Annual Returns: