GSTN Revamps GSTR-9 Table 8A Logic for Better ITC Accuracy
GSTN has changed how Table 8A in GSTR-9 is auto-filled. Starting FY 2024-25, it will include invoices from both the current and next financial year, making ITC reconciliation more accurate. Learn what’s included, what’s excluded, and how to prepare.
New Delhi: Taxpayers, take note the Goods and Services Tax Network (GSTN) has made a big change to how Table 8A in your GSTR-9 annual return is filled. Starting with FY 2023-24 and continuing into FY 2024-25, the system will now include invoice data from both the current and next financial year. This aims to give a clearer picture of your Input Tax Credit (ITC).
What Was the Old Method?
Earlier, Table 8A only showed ITC based on invoices and debit notes from your GSTR-2B between April and March of the same financial year. If your supplier filed late, those invoices didn’t show up causing mismatches and confusion.
What’s New in FY 2024-25?
The new auto-fill logic for Table 8A will include:
- Current Year Invoices: All inward supply details from April 2024 to March 2025 that appear in GSTR-2B.
- Next Year’s GSTR-2B: Invoices for FY 2024-25 that show up in GSTR-2B from April to October 2025. This helps include ITC from suppliers who file late.
- Exclusion of Past Year Invoices: Invoices from FY 2023-24 that appear in GSTR-2B between April and October 2024 will be excluded to avoid double counting.
Why This Matters
- Better Accuracy: Your ITC data will reflect actual eligible credit, even if suppliers file late.
- Fewer Gaps: Reduces mismatch between your books and GSTR-9 auto-filled data.
- Smoother Filing: Makes the annual return process easier and less error-prone.
What Should Taxpayers Do?
Keep detailed records of all inward supplies and regularly match them with GSTR-2B not just during the year, but also up to October of the next year. This will help you stay compliant and avoid surprises during filing.
Disclaimer: This blog is for general awareness. Please consult a GST professional for specific advice.
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Krishna Gopal Varshney
An editor at apnokacaKrishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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Krishna Gopal Varshney
An editor at Myitronline
Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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