The Goods and Services Tax (GST) Annual Return, Form GSTR-9, has undergone significant changes for the Financial Year (FY) 2024–25, particularly in the reporting of Input Tax Credit (ITC). A notable enhancement is the introduction of dedicated fields to report ITC of the preceding financial year that was availed in the current year.
Key Change: Introduction of Sub-Table 6A(1)
Previously, taxpayers faced challenges in accurately reporting ITC related to the previous financial year that was claimed in the current year’s GSTR-3B. Such ITC was often reported as negative values or under the “Others” category, leading to confusion and lack of uniformity.
To address this, the GST authorities have introduced Sub-Table 6A(1) in GSTR-9 for FY 2024–25. This new field allows taxpayers to separately report ITC of the preceding financial year that was availed in the current financial year through GSTR-3B returns filed from April to October, up to 30th November. This change aims to bring clarity and consistency in ITC reporting.
Impact on ITC Reporting
With the introduction of Sub-Table 6A(1), the reporting structure in Table 6 of GSTR-9 has been refined:
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6A(1): ITC of the preceding financial year availed in the current financial year.
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6A(2): Net ITC of the current financial year (after excluding 6A(1)).
This bifurcation ensures that ITC claims are accurately categorized, reducing discrepancies and enhancing the reliability of GST filings.
Compliance Tip
Taxpayers should meticulously review their GSTR-3B filings to ensure that ITC claimed for the previous financial year is correctly reported in Sub-Table 6A(1) of GSTR-9. Proper segregation of ITC claims will facilitate smoother assessments and reduce the risk of notices or audits.
still there is no clarity for itc once claimed as per populated data in 2B, reversed due to non receipt of goods and reclaimed after receipt of that goods. this was before ims.