How to Import GSTR 9 Table 8A in 2A via Gen GST Software?
Arpit Kulshrestha
GSTR 9 based table 8A is the significant section concerned for the taxpayers in that it has auto-populated features along with the eligible ITC details concerned with the complete financial year from the relevant GSTR 2A return. Also to note that the left out sections columns and fields in Table 8 are to fill up with the complete analyses of the taxpayer. One must keep track of multiple things to make a note of GSTR 9 Table 8A.
It includes the details of inward supplies, and means of Inward supplies can be attached with the purchases made with the services received from SEZs but excludes imports and inward supplies liable to reverse charge.
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Know About Table 8A in GSTR-9
Table 8A is the yearly Form GSTR-9 return which poses the information of the total input tax credit (ITC) available in the fiscal year from the inward supplies. The inward supplies consist of all buying made along with the services obtained through SEZs however it does not includes imports and inward supplies are subject to reverse charge.
Table 8A Data Population in GSTR-9
Upon the grounds of Tables 3 and 5 of Form GSTR-2A, the ITC data shall be auto-populated in this table. This is auto-populated from the return furnished every month through the business entity’s suppliers in their Form GSTR-1. It indeed consists of the tax credits circulated through the non-resident suppliers in Form GSTR-5.
The GST portal provides the choice to download the break-up of Table 8A data in the excel file to the assessee. As soon as the assessee logs in to his account, he requires to coordinate to Form GSTR-9 (Prepare Online)’, and then tap on the button titled ‘Download Table 8A Document Details’. A downloaded folder is a zipped one. Unzip the folder to extract the file. Towards the case in which there is much more information, then distinct hyperlinks shall be furnished next to the button.
The assessee shall be enabled to see the invoice-wise information and reconcile that through their enrolled buyings. The document wise information shall show all the documents likes B2B, B2BA, CDNR, and CDNRA written in the excel file of the table 8A that shall indeed show the mentioned information:
The time where the document is reported in Form GSTR-2A.
The filing information where the invoice was uploaded in the supplier’s GSTR-1 return.
The reason shall not be acknowledged if the invoice does not consider for Table 8A data.
When the buyings are executed via an e-commerce operator, then the GSTIN of the e-commerce operator shall be prompted.
The invoice type is indeed written like ‘R’ for regular supplies, ‘SEZWP’ for SEZ supplies with payment of tax, ‘SEZWOP’ for SEZ supplies excluding the payment of tax, and others.
Table 8A Reconciling of Data in While Filing GSTR-9 Form
Table 8A inside the GSTR-9 shows all the ITC data towards the specific fiscal year. The correct reporting of the ITC information in table 8A assists the assessee to avail the ITC towards the same fiscal year. The same table can not be edited that pointed towards the thing that despite if the ITC amounts mentioned are not correct the assessee then is not able to edit that to insert the accurate amounts.
GSTR-9 when furnished could not get amended. ITC settlement is an important factor for the assessee to lessen their tax liability on the effective level. The assessee can settle ITC on invoice wise level through the information in table 8A and the document-wise breakup. It indeed assists the business entities auditor in reporting the mismatches in ITC besides making the yearly settlement in Form GSTR-9C.
Towards claiming of the ITC Table 8A is crucial. If the amount of ITC revealed in Table 8A is lower with respect to ITC reported in Form GSTR-2A or the books of accounts then the assessee shall urge to finish filing the tax liability because of no mistake from his side.
Reasons for Data Mismatch Between Table 8A and GSTR-2A
Various causes revealed that why the data reported in Table 8A of the GSTR-9 is not similar to the information reported in Form GSTR-2A. There are the points mentioned below:
Invoices get saved or furnished in the supplier’s Form GSTR-1, however, does not furnish yet. The GSTR-2A shall be shown in the status “Not yet filed” for these invoices.
After the cut-off date, GSTR-1 is furnished through the supplier. The cut-off date is said to be the date post to which no information shall get acknowledged towards the Table 8A computation.
If the supplier has furnished the invoice in his GSTR-1 however he with fault reported that the supply is for the reverse charge then this shall do not get recognized in table 8A of the recipient.
When the GSTIN of the recipient get faulty changed then the ITC shall be available toward the changed GSTIN.
ITC does not get included in Table 8A if the place of supply (POS) comes under the identical state of the supplier and not the recipient. But the same information shall get shown in GSTR-2A.
If the date of the document is under the period when the assessee was beneath the composition scheme, then the ITC concerning the mentioned buyings shall not get acknowledged in Table 8A.
Apart from the above the ITC might not get matched amid ITC reported every month in GSTR-2A and the original ITC recorded in the assessee’s books of accounts. The cause for that can be:
Instability in the invoice number convention within the original invoices and the data reported in the GSTR-2A.
Mismatches in the invoice date format.
Mismatches in the return duration because of the invoice furnished in a specific month and reported or furnished in a distinct month.
Invoices were made to an inaccurate GSTIN for the identical vendor.
The GSTR-3B Vs. GSTR-1 Comparison Report provides the assessee with the information of the differences amid the GSTR-3B and GSTR-1 returns furnished concerning the outward tax, outward taxable value, supplies under Reverse Charge Mechanism in both returns, and others. The assessee could opt for the action on the grounds of monthly, quarterly, or annual basis through distinguishing the information at the GSTIN-level or cumulatively on the PAN level.
Difference Between GSTR-3B Vs GSTR-2A
GSTR-3B Vs. GSTR-2A undergoes important practice that a business should hold on to so that it does not forget to claim the ITC. It not only assists in claiming the correct ITC to trades but indeed in reversing any excess ITC availed. It shall assist in preventing the demand notices sent from the tax council. SAG Infotech helps in the simpler settlement of the information between Table 8A of the GSTR-9 and the purchase records. Through the assistance of our Advanced Reconciliation Tool, one cannot forget to avail the ITC on any invoice. Just secure time and taxes and make sure that there is 100% preciseness during furnishing of GSTR-9.
Steps to Provide GSTR 9 Table 8A Under GSTR-2A
Step 1: Path to goto GSTR-2B is Return==> Regular==>GSTR-2A==>Table 8A (GSTR-9).
Step 2: The first step is to import table 8A data into the software, which you have already downloaded from the GST portal.
Step 3: After importing All Table 8A data comes under ALL 8A Invoices like this.
Step 4: The second tab is GSTR-2A return & Table 8A matched
Step 5: In this table, common data coming from GSTR-2A & Table 8A will be displayed
Step 6: After that extra in GSTR-2A data table comes.
Step 7: It contains Previous year data(2017-18)/ Current Year data (2018-19) with CFS-NO/ Current Year data (2018-19) after the cut-off date.
Step 8: And the last one is Extra in Table 8A
Step 9: It contains the Current Year data( 2018-19)/ Current Year data( 2018-19) in Next year( 2019-20) i.e. From 1-Apr 2019 to Cut off date.
Step 10: And at the bottom, you will find table 8A summary. Here you get Section-wise ITC according to Eligibility. And that’s all about Table 8A of GSTR-9
