GSTR-9/9C Update: Auto-Populated ITC Details from GSTR 2B are now available for FY 2023-24

In a significant move to simplify GST compliance, the GST Network (GSTN) released an advisory on October 15, 2024, introducing key changes to GSTR-9 and GSTR-9C forms for FY 2023-24. Starting from this financial year, the system will auto-populate eligible Input Tax Credit (ITC) for domestic supplies (excluding reverse charges and imports) directly from GSTR-2B into Table 8A of GSTR-9. This change replaces the earlier practice of using GSTR-2A and aims to make ITC reconciliation more seamless for businesses.

Let’s understand the changes!

GSTN Advisory dated 15^th October 2024

Oct 15th, 2024

Starting FY 2023-24, the GST system will auto-populate eligible ITC for domestic supplies (excluding reverse charge and imports ITC) from table 3(I) of GSTR-2B to table 8A of GSTR-9. These changes in GSTR-9 and 9C for the FY 2023-24 will be available on the GST portal from today i.e.,15th October 2024 onwards.
Further, a validation utility will be executed progressively (for validation by taxpayers) to complete the auto-population of GSTR-9 from GSTR-2B from Apr-23 to Mar-24.

Thanking You,
Team GSTN

Key Highlights of the advisory

• Auto-Populated ITC Details from GSTR 2B: The new update ensures that Input Tax Credit (ITC) details for the Financial Year 2023-24 are automatically populated in the GSTR-9 and GSTR-9C forms from GSTR 2B. Earlier, these details were auto-populated from GSTR 2A. 
• The following tables of GSTR 9 and GSTR 9C will be auto-populated from GSTR 2B:

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• Also, a validation utility is expected for validation by taxpayers to complete the auto-population of GSTR-9 from GSTR-2B for Apr-23 to Mar-24.

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Conclusion

The introduction of auto-populated ITC details in GSTR-9 and GSTR-9C forms for FY 2023-24, based on GSTR-2B, is a welcome move that aims to simplify GST compliance for businesses and professionals. Since taxpayers calculate ITC using GSTR-2B each month or quarter and report it in GSTR-3B, this change will streamline the reconciliation of ITC between GSTR-9/9C and the ITC claimed in GSTR-3B for the year. As GSTR-2B is a static statement, it offers greater ease and confidence to users for annual ITC matching.

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