This advisory outlines the differences in values between Table 8A and Table 8C of Form GSTR-9 for the FY 2023-24. The key difference arises from the change in how the Input Tax Credit (ITC) is auto-populated for the FY 2023-24: it is now sourced from GSTR-2B instead of GSTR-2A, leading to potential mismatches between Table 8A (auto-populated values) and Table 8C (manual entries for ITC claimed in the following year).

The advisory explains various scenarios where discrepancies may occur and provides guidance on how to report these transactions correctly in Form GSTR-9. The scenarios include invoices reported after the due date of filing, ITC reversed due to non-payment within 180 days, and ITC reclaimed in the next fiscal year.

Key points to note:

1. Invoices with delayed reporting: If an invoice is reported after the due date (March 2024), ITC should be reported in Table 8C of the GSTR-9 for FY 2023-24.
2. Reversed ITC: If ITC is reversed in FY 2023-24 due to non-payment but reclaimed in the next fiscal year (FY 2024-25), it should not be reported in the FY 2023-24 GSTR-9, but in the GSTR-9 of FY 2024-25.
3. ITC on goods not received in FY 2023-24: If goods were not received in FY 2023-24, and ITC was reversed, it should be reported in Table 8C and Table 13 of GSTR-9 for FY 2023-24.
4. Invoices from FY 2022-23: Any ITC relating to FY 2022-23 appearing in Table 8A of GSTR-9 for FY 2023-24 should not be reported again in Table 8C of GSTR-9 for FY 2023-24.
5. Claim and Reclaim of ITC: If ITC is claimed, reversed, and then reclaimed in the same year (FY 2023-24), it should not be reported twice, and it should be reported correctly in either Table 6H or 7, but not in both.

The advisory is crucial for taxpayers to ensure accurate reporting of ITC in Form GSTR-9 for FY 2023-24, aligning with the new auto-population mechanisms and correcting any mismatches between the tables.