How to reconcile ITC in Table 6 of Form GSTR 9?

Reconciliation of Input Tax Credit (ITC) is essential when filing Form GSTR-9 i.e. GST Annual Return to ensure accuracy and compliance with GST regulations. This process involves matching ITC claimed with GSTR-2B, ITC reversals and reclaims.

Let's understand how to reconcile ITC for GSTR 9 tables!

Which are the tables in Form GSTR 9 for ITC?

Part III of Form GSTR 9 contains details of ITC for the financial year. Following are the tables in GSTR 9 for ITC:

1. Table 6- Details of ITC availed during the Financial Year: This table contains the reconciliation of ITC claimed in Form GSTR 3B and ITC as per books of accounts. The taxpayer also needs to provide bifurcation of ITC into Input goods, Input services, and Capital goods in this table.
2. Table 7- Details of ITC Reversed and Ineligible ITC for the financial year: This table contains details of ITC reversals and blocked ITC. Rule / section-wise bifurcation needs to be provided in this table.
3. Table 8- Other ITC-related information: This table contains the reconciliation of ITC as per Form GSTR 2B and ITC as per the books of accounts. It also contains the ITC of the current year availed in the next year and the ITC lapsed.

How do you fill Table 6 of GSTR 9?

The format of Table 6 of GSTR 9 is as follows:

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Sr No A i.e. ITC availed in GSTR 3B is auto-filled from Table 4A of GSTR 3B i.e. total ITC before reversal. It includes domestic ITC, ITC on imports, ISD and reverse charge.

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Sr No B to H requires the taxpayer to bifurcate the total ITC into following categories:

B) ITC other than RCM

C) RCM ITC on supplies received from unregistered persons

D) RCM ITC on supplies received from registered persons

E) ITC on Import of goods

F) ITC on import of services

G) ITC received from ISD

H) ITC reclaimed

Bifurcation of the above categories into Input goods, input services, and capital goods also need to be provided.

Sr No, I contain a total of all the above fields.

For filling in the above details, the taxpayer shall identify and group every record of ITC as per the above requirement. Also, taxpayers must reconcile ITC as per books of accounts with GSTR 3Bs filed and find out the reasons of differences.

The following format may be used:

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Sr No J calculates difference between ITC as per GSTR 3B less ITC as per books of accounts.

Sr No K and L state the amounts of transitional credits.

Sr No M states the amount of any other ITC claimed but is not specifically mentioned in any other Sr No.

Sr No. N is the total of transitional and other credits.

Sr No. O is the total ITC availed as per books which is I + N.

Conclusion

Reconciliation of Input Tax Credit (ITC) in Table 6 of Form GSTR-9 is a critical task to ensure accuracy and compliance with GST regulations. Properly categorizing ITC into various heads, as per the requirements of the form, and matching it with GSTR-3B and books of accounts helps in identifying discrepancies and addressing them promptly. By following a systematic approach and maintaining detailed records of monthly ITC, taxpayers can effectively manage their GST annual return filings.

Completing Table 6 with accurate bifurcations and reconciling data reduces the chances of errors, minimizes audit risks, and ensures seamless compliance. With the format and steps provided, businesses can simplify this reconciliation process and stay GST-compliant.

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