Important Update on GSTR-9 Changes for FY 2023-24

Important Update on GSTR-9 Changes for FY 2023-24

Major Change:

Important Update on GSTR-9 Changes for FY 2023-24 . Stay informed on the latest GSTR-9 changes for FY 2023-24, including the update that from FY 2023-24 onwards, Table 8A of GSTR-9 will be based on GSTR-2B (NOT GSTR-2A), to ensure seamless annual GST return filing compliance and avoid potential penalties.

Query: What happens if you claim ITC in March 2024 GSTR-3B, but the invoice appears in April 2024 GSTR-2B (because the supplier uploaded it after 13th April 2024)?

Scenario:

You claimed ITC in March 2024 GSTR-3B, so it will automatically appear in Table 6A of GSTR-9 for FY 2023-24.

However, since the supplier uploaded the invoice on 14th April 2024, it won’t appear in March 2024 GSTR-2B, and therefore it will NOT show in Table 8A of GSTR-9 for FY 2023-24.

It will instead be part of April 2024 GSTR-2B and will show in Table 8A of FY 2024-25 GSTR-9.

Treatment in GSTR-9 for FY 2023-24:

  1. The claimed ITC will be reflected in Table 6A of GSTR-9.
  2. The mismatch (since the invoice is not in Table 8A) will be reported in Table 8C, showing the difference between the ITC claimed and what’s reflected in 2B.
  3. Provide reconciliation in Table 8D, explaining that the supplier uploaded the invoice late, and it will reflect in the next financial year.

No ITC reversal required – This is just a timing difference due to the new reporting method based on GSTR-2B. You’re fully compliant as the ITC was validly claimed.

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