Understanding Spill-Over Effects in GSTR 9 & GSTR 9C Filing

Understanding Spill-Over Effects in GSTR 9 & GSTR 9C Filing | Expert Discussion

Рет қаралды 27,293

Күн бұрын

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 KZfaq 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

Пікірлер: 85

@soumenadhikari23 6 ай бұрын

I am fascinated. The way you taught us not to teach even in any paid courses. Thank you, Bhaiya.. you are doing great work.

@kunalparekh1215 7 ай бұрын

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😊

@hetal9944 7 ай бұрын

Sir, your teaching skills are unbelievable, mind blowing..... And your concepts are so cleared, i am inspired from you sir.

@ganeshseth7473 6 ай бұрын

SIR JIS PRAKAR SE APNE DETAILED VIDEO BANAYI HAI USKI TULNA KISI KI VIDEO SE NAHI KI JA SAKTI BAHUT BAHUT DHANYAWAD . 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏

@karanbalani8 6 ай бұрын

probably the best explanation on youtube of GSTR 9 Adjustments and spill over effects

@ajayagarwal7689 7 ай бұрын

Thank you sir, searching this topic on you tube whole day, and you have heard me and do the needful, thank you

@FinTaxPro 7 ай бұрын

Glad it helps

@jiralsavla7284 7 ай бұрын

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....❤

@FinTaxPro 7 ай бұрын

My pleasure

@suntin2013 6 ай бұрын

you are fabulus very knowledgable video Thank you

@chandanbhunia-yn9ci 7 ай бұрын

You are a real master

@rajeevranjan9094 7 ай бұрын

Sir you are really doing excellent job. Thanks for sharing these valuable knowledge with us.

@FinTaxPro 7 ай бұрын

It's my pleasure

@chetanpatidar9649 7 ай бұрын

Very simply explained sir thank u

@Chara321tr 7 ай бұрын

Good Explanation Sirji

@user-bo9sc3el1y 7 ай бұрын

Very useful information video

@gautamsah2380 7 ай бұрын

superb sir video

@gaurav43306 7 ай бұрын

Very very useful video

@faizanshaikh6424 7 ай бұрын

Thanks Sir.

@indiatax7880 7 ай бұрын

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

@finz_law 6 ай бұрын

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

@ManojGupta-ig2je 7 ай бұрын

can't government give the access to revise the GST return for the month of Mar till the "specified date" as you mentioned?

@govindprajapati5463 7 ай бұрын

Thank you sir 🙏

@FinTaxPro 7 ай бұрын

Most welcome

@srpareek3968 7 ай бұрын

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.

@rishabhgupta9020 7 ай бұрын

Hi .. can you please share the press realease details as you mentioned in video

@user-vy9bk4pu3r 7 ай бұрын

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?

@finz_law 6 ай бұрын

You can reverse in table 7 - h

@dhruvchauhan5639 7 ай бұрын

Sir Gst-9 6H me to itc 01 or itc -02 ka input aata hai

@shivdadhich 6 ай бұрын

Sir if any outward supply invoice not reported till specified date then how it treat in 9 and 9c

@accotaxconsultancyservices9620 7 ай бұрын

Sir purchase of f.y 21-22 and considered in input of f.y 22-23. What is the effect on gstr9

@darsh0104 7 ай бұрын

How to show itc reversal of fy 2021-22 in fy 2022-23 in gstr9?

@sandeepkumarchatterjee1971 7 ай бұрын

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....

@mohitbansal832 7 ай бұрын

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

@rajaryan349 7 ай бұрын

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

@FinTaxPro 7 ай бұрын

Ideally the difference in Table 8 should be positive. If you have negative figures note down the reasons for future reference.

@rajaryan349 7 ай бұрын

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

@FinTaxPro 7 ай бұрын

@@rajaryan349Yes

@rajaryan349 7 ай бұрын

@@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

@devvaghela7097 7 ай бұрын

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 ?

@viveknigam1698 7 ай бұрын

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😊

@shanujd1116 7 ай бұрын

Please make video on Inverted Duty Structure Refund

@youngcraftmanas2136 7 ай бұрын

Previous fy sales credit note issued in next year, what is the treatment in Gstr 9

@FinTaxPro 7 ай бұрын

Explained in Notes. please download through telegram

@hemangshah2465 7 ай бұрын

how i can download notes of this video

@pranjalibhoir1928 7 ай бұрын

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

@finz_law 6 ай бұрын

Show in table 10

@nadeemmalik344 7 ай бұрын

Sir tour operator pr gst video bnao please

@avijitsingh4207 7 ай бұрын

IGST on import fy 22-23 claimed in FY 23-24. Please guide its treatment in GSTR 9 and GGSTR 9C

@avijitsingh4207 6 ай бұрын

I think tab 13

@AshokKumar-pr1tl 7 ай бұрын

If I availed ITC of 2021-22 in year 2022-23 March,then how can I adjust in 22-23 preparation of gstr 9.

@finz_law 6 ай бұрын

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.

@PremSingh-sf1do 7 ай бұрын

Sir should we report inward HSN summary , it is mandatory to provide

@govindprajapati5463 7 ай бұрын

No it's optional in case of inward supply

@FinTaxPro 7 ай бұрын

Correct

@imtiyazkhan530 7 ай бұрын

Sir pls make a video on how to file 9c 22-23 fy

@FinTaxPro 7 ай бұрын

Already made part 1

@sks3375 7 ай бұрын

Sir ji hum 6M ko fill nahi karte kyoki humko sirf GSTR9 hi file karna hai...

@FinTaxPro 7 ай бұрын

Ha koi issue nhi h

@sandeepchatterjee7981 7 ай бұрын

I Can't download Table 8A I got the belwo year Existing request is in progress. Download link shall be available shortly

@FinTaxPro 7 ай бұрын

Technical issue coming from 1st Dec . Please raise query on self service portal

@sandeepchatterjee7981 7 ай бұрын

@@FinTaxPro already done but didn't get any response on it

@himanshuvyas3899 7 ай бұрын

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?

@thakurrrabhii3401 7 ай бұрын

Table 12 of gstr 9

@himanshuvyas3899 7 ай бұрын

@@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?

@thakurrrabhii3401 7 ай бұрын

s3899 Table 12 doesn't include any sub table, no need to show as negative value.

@subhamsharma3831 6 ай бұрын

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 ?

@ankitakaushik1056 7 ай бұрын

Sir 10000 ka 18% 1800/- hua na, it is so uncomfortable to see 1180/- baar baar

@FinTaxPro 7 ай бұрын

ohh sorry about that. 1180 k kaafi invoice bante h humare to wahi dhyan m rehta h ;)

@devvaghela7097 7 ай бұрын

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

@FinTaxPro 7 ай бұрын

No, while filing GSTR 9 we need to consider ITC as per GSTR 3B not from books.

@prathamlimje4464 7 ай бұрын

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😁🙏

@Neeta12316 7 ай бұрын

Aapne gst aur itr ka kitne me liya wo pura itr TDS gst wala liya hai kya ?

@prathamlimje4464 7 ай бұрын

@@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 👍

@FinTaxPro 7 ай бұрын

@prathamlimje4464 discounted hi h price to abhi

@prathamlimje4464 7 ай бұрын

@@FinTaxPro sir to thoda aur discount kar do meri gym ki membership bhi aa jayeg wese uttrayan me sceam aayegi to mai wait karu😁🙏