Understanding Spill-Over Effects in GSTR 9 & GSTR 9C Filing | Expert Discussion
ฝัง
- เผยแพร่เมื่อ 8 ก.ค. 2024
- Telegram channel - t.me/fintaxpro
Welcome to our insightful session where we delve deep into the intricacies of GSTR 9 and GSTR 9C filing. 📊 In this video, we uncover the spill-over effect and its impact on your filing process. Whether you're a seasoned professional or just starting with GST compliance, understanding this aspect is crucial for accurate and error-free submissions.
🔍 Key Discussion Points:
Transaction related to sales/output supply
1.Invoice for FY 2021-22, reported and paid in 2022-23 (up to specified date)
2.invoice for FY 2022-23, reported and paid in 2023-24 (up to specified date)
3.invoice for 2021-22, credit note for 2021-22 reported in 2022-23(up to specified date)
4.Invoice for 2021-22, Credit notes for 2022-23 and reported in 2022-23
Transaction related to purchase/input tax credit (ITC)
1.ITC for FY 2021-22, claimed in FY 2022-23 (up to specified date)
2.ITC for FY 2022-23, claimed in 2023-24 (up to specified date)
👨🏻🎓Practical Courses-
👉🏻ITR, GST & TDS (Tax Combo) - fintaxpro.in/Combo
👉🏻Account Finalization - fintaxpro.in/Accounting
👉🏻ROC eFiling - fintaxpro.in/courses/roc/
👉🏻Trademark e Filing Course - fintaxpro.in/TM
👉🏻Taxation for Share Market - fintaxpro.in/share
👉🏻GST Course - fintaxpro.in/GST
👉🏻ITR & TDS Course - fintaxpro.in/ITR
👉🏻Excel Course - fintaxpro.in/Excel
👉🏻Taxation for Online Sellers - fintaxpro.in/online
👉🏻Balance Sheet & PnL Finalization - fintaxpro.in/BstPnL
👉🏻All in one Combo Course - fintaxpro.in/All
📞7827521794 (For Course queries only)
📞For GST Filing, ITR Filing, Trademark Filing, Trademark Reply, Company Incorporation, ROC Compliance, DSC, Project report, MSME Certificate and other related services call us at 9718097735 or 7827521794
📍Buy class 3 DSC with 2 years @1250 - imjo.in/tFcdAZ
👨🏻🎓For Magazine - fintaxpro.in/newsletter/
📩info@fintaxpro.in
FinTaxPro Mobile App - bit.ly/3WJ63tX
FinTaxPro Social Handles- linktr.ee/fintaxpro
FinTaxPro Studio Gear - linktr.ee/fintaxpro_gear
FinTaxPro Live - / @fintaxprolive
Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of TH-cam videos.
Copyright Disclosure - As per Sec 52 of The Copyright Act,1957 Fintaxpro Advisory LLP shared this video with a clear objective to educate the public at large and thus constitute the fair dealing with content for the purpose of reporting of current events and current affairs, including the reporting of a lecture delivered in public
©️Fintaxpro Advisory LLP
Tags gst update,Invoice FY 2021-22,Invoice FY 2022-23,Credit Note 2021-22,Credit Note 2022-23,Purchase Transactions,Input GST Credit (ITC),ITC FY 2021-22,ITC FY 2022-23,GSTR 9 Filing,GSTR 9C Filing,Spill-Over Effect,GST Reporting,GST Payments,GST Year 2021-22,GST Year 2022-23,Financial Year Transactions,Understanding Spill-Over Effects in GSTR 9 & GSTR 9C Filing,ITC for FY 2021-22,claimed in FY 2022-23,ITC for FY 2022-23,claimed in 2023-24
Time Stamp
0:00 Intro to Topic
0:51 Spill over effect in GSTR 9 & 9C
9:09 Invoice for 21-22 reported in 22-23
47:11 Invoice for 22-23 reported in 23-24
59:15 ITC of 21-22 reported in 22-23
1:14:10 ITC of 22-23 reported in 23-24
1:24:07 Outro
I am fascinated. The way you taught us not to teach even in any paid courses. Thank you, Bhaiya.. you are doing great work.
SIR JIS PRAKAR SE APNE DETAILED VIDEO BANAYI HAI USKI TULNA KISI KI VIDEO SE NAHI KI JA SAKTI BAHUT BAHUT DHANYAWAD . 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
Sir, your teaching skills are unbelievable, mind blowing.....
And your concepts are so cleared, i am inspired from you sir.
Sir your videos are helping to understand all the adjustments very properly....Thank you....I have been watching all your videos on regular basis....Currently i am associated with Deloitte as Assistant Manger in IDT department and your videos are helping me to understand all GST concepts very thoroughly...Thank you😊
probably the best explanation on youtube of GSTR 9 Adjustments and spill over effects
You are a real master
Thank you sir, searching this topic on you tube whole day, and you have heard me and do the needful, thank you
Glad it helps
Very simply explained sir thank u
Best video to understand the adjustments to be done in 9 & 9C in the event of Spill Over..
Appreciated Vivek sir for their effort to clear the concepts....❤
My pleasure
you are fabulus very knowledgable video Thank you
Good Explanation Sirji
superb sir video
Sir you are really doing excellent job. Thanks for sharing these valuable knowledge with us.
It's my pleasure
Very useful information video
Very very useful video
Thanks Sir.
Last year, the input figure for the financial year 2021-22 of Rs. 1800 should be reported in column 6M in 9. Additionally, it should be reported in Table 12B in 9C.
Thank you sir 🙏
Most welcome
can't government give the access to revise the GST return for the month of Mar till the "specified date" as you mentioned?
i have issued invoice as dsa to bank for commision under reverse charge for 10000 rs with 1800 GST now in hsn summary in GSTR 9 tax is shwn as 1800 but this tax is not mentioned anywhere because shown in Table 5 GSTR 9 is it ok that 1800 tax is not shown anywhere in GSTR 9 but shown in HSN summary table 17 or any other option m right or wrong
Sir purchase of f.y 21-22 and considered in input of f.y 22-23. What is the effect on gstr9
Sir.mostly professional fy 22-23 itc jo 23-24 claim kiya he vo sirf table 8c aur 13 show karte he... 6m nahi karte he
Annual retune me HSN wise summary dalni hai
Same HSN me 3 type ki sale hai
1) without tax sez unit
2) 5%taxable
3)12%taxable
To waha kaise show kare
Total taxable value ka igst,cgst,gst match nai hota to show kaise hoga
Hi ..
can you please share the press realease details as you mentioned in video
Please make video on Inverted Duty Structure Refund
Sir Gst-9 6H me to itc 01 or itc -02 ka input aata hai
I really appreciate your class on this concept....it is an amazing class.....
I want to add one more thing that is as per your example value in table 8c( after 5000 adjustment) be negative and with the same case my table 8c value is going to be negative by 14 lac ....in such case what I have to do ...file the return or use 2nd method as you described
Ideally the difference in Table 8 should be positive.
If you have negative figures note down the reasons for future reference.
Thanks for your incredible support..
In addition to class.....let's assume
A company has March 23 ITC - Rs. 100
As per policy transfer for April 23- Rs. 10
Bal. amount considered in March 3b - Rs 90
Then in such a case whether we have to add Rs 10 in our table 6 of gstr-9
@@rajaryan349Yes
@@FinTaxPro but in that scenario our total amount (table 6b-6h ) will exceed from table 6a amount ......because the ITC amount, tranfer for april 23 , not considered in F.Y 22-23 Gstr-3b
Sir if any outward supply invoice not reported till specified date then how it treat in 9 and 9c
How to show itc reversal of fy 2021-22 in fy 2022-23 in gstr9?
Respected Sir, While filing GSTR 3B of a particular month, our credit notes ITC reversal was more than the ITC available for the same period during 2022-23 and due to that, shortage of ITC reversal was treated as output tax liability by portal for that month in GSTR 3B automatically. Now such adjustment shall show excess tax payable in col no 9 of GSTR 9....What to do in such cases in both annual returns so as to reconcile?
You can reverse in table 7 - h
Spil over effect due to credit note which was entered into last year in R1 but not admin 3B on same period due to non availability of of sale for that period which is adjusted in next year's 3B this case how to show in R 9 & 9C😊
Sir maynay 2023-24 may kuch ITC reversal kiya hai jo FY 2022-23 kaa tha isko GST9 may kaisay dekhao kyunki mera ITC negative may hai please help me....
Sir my accountant had made a mistake and a credit note is treated as Purchase and ITC for same had claimed now my table 8 differs because of this ... Tax is paid is true because i have not reduced my liability through credit not rather i claimed ITC so ultimately it is nullified... So can i mention credit note in Table 4 of GSTR 9 and reduce ITC in Table 6 ?
Itc as per 2b- 100
Matched is 80
Net itc claimed 80
Temporary reversal 20:
Itc as per table 6A: 100
Table 6b : 80
Where to report temporary reversal of 20 rs ?
Sir tour operator pr gst video bnao please
Previous fy sales credit note issued in next year, what is the treatment in Gstr 9
Explained in Notes. please download through telegram
how i can download notes of this video
Sir invoices pertaining to FY22-23 invoices shown under April 23 (FY 23-24). And the gst liability on the same is adjusted against ITR of April 2023. Kindly guide how to show the same under GSTR 9
Show in table 10
Sir pls make a video on how to file 9c 22-23 fy
Already made part 1
Sir should we report inward HSN summary , it is mandatory to provide
No it's optional in case of inward supply
Correct
If I availed ITC of 2021-22 in year 2022-23 March,then how can I adjust in 22-23 preparation of gstr 9.
You cant show in ITC of 21-22 in gst9 of 22-23..you can only show itc 22-23 claimed in 23-24 till nov end.
IGST on import fy 22-23 claimed in FY 23-24. Please guide its treatment in GSTR 9 and GGSTR 9C
I think tab 13
I Can't download Table 8A I got the belwo year Existing request is in progress. Download link shall be available shortly
Technical issue coming from 1st Dec . Please raise query on self service portal
@@FinTaxPro already done but didn't get any response on it
Sir, if we have reversed the ITC pertaining to FY 2022-23 in the GSTR 3B of September 2023(FY 2023-24).Where should we treat this in gstr 9 and 9c?
Table 12 of gstr 9
@@thakurrrabhii3401 Can you help me with the Sr. No??Will it be shown in Table 12C in Negative value since I have reversed the ITC?
s3899 Table 12 doesn't include any sub table, no need to show as negative value.
Sir ji hum 6M ko fill nahi karte kyoki humko sirf GSTR9 hi file karna hai...
Ha koi issue nhi h
Sir all this adjustement of ITC is only because our Books and GSTR 3B differs in respect of ITC claimed but what if we Consider only purchase invoice ITC of Which is claimed in 3B in Books then we don't need any reconciliation....For example For In Our 3B of 2022-23 we calimed ITC of 10,00,0000 which inclue 1,00,000 of 2021-22 and our books of 2022-23 also consider 10,00,000 gst invoice not 9,00,000 .... Due to this in our GSTR 9 Table 6 we can give 10,00,000 bifurcation and also not need to reconcile because our books also has 10,00,000 ITC
No, while filing GSTR 9 we need to consider ITC as per GSTR 3B not from books.
Sir 10000 ka 18% 1800/- hua na, it is so uncomfortable to see 1180/- baar baar
ohh sorry about that. 1180 k kaafi invoice bante h humare to wahi dhyan m rehta h ;)
Hi
Sir accounting practical ka course 2000 se kam kar ke 1000 par kar do mujhe woh course lena hai maine gst itr aur tds ka course liya hua hai par account hi nhi aayega to woh course ka kya kaam to sir accounting ke course par discount do😁🙏
Aapne gst aur itr ka kitne me liya wo pura itr TDS gst wala liya hai kya ?
@@Neeta12316 ha woh sayad sceam thi uss time oar to 3500 rs me pada aur uss ke sath excel ka course free me mila tha 👍
@prathamlimje4464 discounted hi h price to abhi
@@FinTaxPro sir to thoda aur discount kar do meri gym ki membership bhi aa jayeg wese uttrayan me sceam aayegi to mai wait karu😁🙏
1800 instead of 1180
sorry clerical error 😐
OCT,2022 mein GSTR1 return lagate samai HSN summary Dena bhul gaiya.....ab kya karu ?
No issue.. November ki return mai hsn summary combine kar k daalo october aur november ka..
@@muminshah nov 2022-Mar2023 GSTR1 file kar di
@@accountsjob5448 Annual Return mai correct hsn summary daaldo.. Easy solution..
Annual retune me HSN wise summary dalni hai
Same HSN me 3 type ki sale hai
1) without tax sez unit
2) 5%taxable
3)12%taxable
To waha kaise show kare
Total taxable value ka igst,cgst,gst match nai hota to show kaise hoga
Bhai 3 bar same HSN dalkar rate different le kar dal sakte ho