GSTR-9 2024-25 : Understanding Changes in ITC Tables | Revised Reclaim Rules | Annual Return 2025-26 скачать в хорошем качестве

GSTR-9 2024-25 : Understanding Changes in ITC Tables | Revised Reclaim Rules | Annual Return 2025-26

Key Takeaways and Changes Filing Scope and Purpose: GSTR-9 must exclusively contain data (outward supply and ITC) pertaining to FY 2024-25, even if transactions or adjustments were reported in the 2025-26 monthly returns. The primary purpose is self-assessment and identification of tax short payments or availment errors. Any resulting tax liability (short payment) must be settled using DRC-03. Outward Supply Changes (Table 4 & 5): New sub-tables (G1 and G2) have been added to track supplies under Section 9(5), where the E-commerce Operator (ECO) is liable to pay tax (e.g., certain notified services like restaurants/hotels booked via ECOs). ECOs report their liability in Table 4 (G1). Suppliers who shifted their tax liability to the ECO report only the taxable value in Table 5 (G2 – Supplier to Report). Input Tax Credit (ITC) Revisions (Table 6, 7, 8): Table 6A(1): This table is mandatory for bifurcating ITC. It captures ITC belonging to the preceding Financial Year (2023-24) but actually claimed in the current FY (2024-25) 3B returns. ITC Reclaim (Rules 37/37A): ITC reclaimed under Rule 37 (180-day non-payment) or 37A (supplier non-filing) is always treated as the credit of the year in which it is reclaimed. Therefore, this reclaimed ITC must be reported specifically in Table 6H, regardless of the original invoice year. Table 8A (ITC Comparison): This table, which auto-populates ITC data based on GSTR-2B, has been updated. It now exclusively auto-populates ITC documents (invoices, etc.) that have an invoice date falling within FY 2024-25, ensuring a clean comparison with the 2024-25 ITC figures claimed (6B). ITC Availment Next Year (Table 8C / 13): ITC of FY 2024-25 that was availed late (in FY 2025-26 up to the November 30th deadline) must be reported in Table 13 and reflected in Table 8C. Table 9 (Tax Liability): The table reconciling Tax Payable and Tax Paid has been revised. The Tax Paid component is non-editable (auto-populated from 3B data). The Tax Payable component is editable and is derived from the outward supply figures reported across Tables 4, 5, 10, and 11. 👉 Join Tax By KK to watch premium GST updates / GST Course / Customs Act / Income Tax course :    / @taxbykk-kaushalkumar   I am CS Kaushal Kumar Agrawal founder of TaxByKK.com and Serving GST Practitioners 👉 We proudly serve GST Practitioners through these GST products 1. Basic to Super Advanced GST Course for GST practitioners 2. Basic to Advanced GST refund and IGST live course on zoom 3. GST on Real Estate live course on zoom 4. Basic to advanced GST Course Live on zoom 5. Premium Life time GST Gold membership plan for GST Professionals 6. Basic to Advanced GST Law book 7. Handling GST Notices alongwith GST replies book 8. GST Excel Tool for apportionment of ITC as per Rule 42 and 43 of CGST Rules ___________________________________ 👉 ABOUT CS K K AGRAWAL GST Expert | GST Consultant | Trainer | Speaker | Faculty CS Kaushal Agrawal is a highly experienced practicing Company Secretary and GST consultant, trainer, speaker, and author with over two decades of industry expertise. His comprehensive knowledge base and skillset enable him to work on tax matters, tax strategy formulation, tax implementation, tax audits, and tax advisory. He also has extensive experience in handling tax notices and appeals. He is a highly sought-after speaker and trainer. He has conducted seminars amongst chartered accountants and lawyers in numerous places, and he extends his heartfelt gratitude to all those who invited him, and for the positive feedback from participants for his practical and interactive presentation style. He is a renowned author, with numerous works on taxation under his belt. Working with Puneet Agrawal, he co-authored the book Sabka Vishwas, published by Taxmann. To broaden and share his expertise with GST professionals, he has launched a website, TaxByKK.com where anyone can find all the vital information about GST. He has also created a YouTube channel, TaxByKK, to help GST practitioners further hone their GST knowledge. He cordially invites all GST practitioners to join him for an informative and comprehensive exploration of GST, in discovering the intricacies of the GST structure and learn the very minute detail of GST. ___________________________________ Enjoy & stay connected with us! 👉 Join Tax By KK to watch premium GST updates:    / @taxbykk-kaushalkumar   👉 Website: TaxByKK.com 👉 E Mail: contact@taxbykk.com 👉 Connect us on LinkedIn:   / gstexpertcskk   👉 Join our What's app community: https://whatsapp.com/channel/0029Va9l...