Table 14 of GSTR-9C – Reconciliation of ITC declared in Annual Return with ITC availed on expenses (F.Y. 2002-21)

Table 14 of GSTR-9C requires the taxpayer to furnish the reconciliation of ITC declared in Annual Return in Form GSTR-9 with ITC availed on expenses as per audited Annual Financial Statement or books of account. The table 14 is reproduced below for reference:

The instruction to above table as given in Form GSTR-9C is given below:

“This table is for reconciliation of ITC declared in the Annual Return (GSTR-9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid /was payable are to be declared here.”

This table requires a detailed working of each and every expense GL in Profit and Loss A/c into which the GST paid expense may have been debited. It is a humongous task.

This table 14 was optional for filing for F.Y. 2017-18, 2018-19, 2019-20 i.e. the registered person had an option to not fill this table for all previous years. Now, for F.Y. 2020-21 also this table is made optional for filing.

Therefore, the taxpayer may skip working on the reconciliation of ITC taken in the annual return with the expense ledger in books of accounts.

Though this table is made optional for FY.2020-21, but this option of not furnishing the reconciliation may not be given for subsequent year. Thus, a taxpayer have to make necessary arrangement in their books so as to get a report which can give the reconciliation for the annual return purpose.

As for now, for FY 2020-21 the table 14 is optional and taxpayer may skip working on this table. The due date to file GST Annual Return in GSTR-9 and GSTR-9C for F.Y. 2020-21 is 31^st December, 2021. Time is less so need to speed up the work and file on or before the due date.