Form GSTR-9 is an annual return to be filed by all registered taxpayers whose turnover is Rs. 2 crores or more. A taxpayer shall report all outward supplies, inward supplies, taxes paid, refund claimed, demands raised and ITC availed and utilized in Form GSTR-9.
It has been observed that practitioners are facing many difficulties to give effect of ITC in GSTR 9 of F.Y. 2018-19. Because ITC of F.Y. 2017-18 may be claimed/reversed in F.Y. 2018-19 and ITC of F.Y. 2018-19 may be claimed/reversed in F.Y. 2019-20.
To overcome this practical difficulties, I have tried to explain you how to give effect of ITC in GSTR-9 of F.Y. 2018-19 in the attached pdf file.
Please feel free to contact for any further clarification or explanation.
Author: CA Jignesh Panchal- Mobile: 6351651113- Email: firstname.lastname@example.org