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taxpayers download invoices which account for ITC in Table 8A of Form GSTR-9
annual return. Also, it will give reasons for non-inclusion of an invoice in the ITC
value.
As on June 30, there were around 1.24 crore registered assessees under
the GST, out of which around 14 lakh taxpayers are mandated to file the GSTR-9
annual return as their annual aggregate turnover was more than ` 2 crore.
Till now, the system used to compute the eligible ITC based on suppli-
ers’ GSTR-1 and by the governing rules like those filed till last date, etc., and the
breakup at the invoice level was not provided. Taxpayers had to raise a query on
computation of ITC. To bring the entire computation to taxpayers by way of
showing each and every invoice filed by the suppliers and showing eligibility
against each, this functionality has been developed.
For this, a new tab ‘Download Table-8A details’ has been introduced on
the GSTR-9 dashboard of the GST portal from financial year 2018-19.
A major relief
The new functionality is a major relief for annual returns filers who used
to report that figures of ITC, as pre-populated in Table-8A of Form GSTR-9, do
not match with the figures as appearing in their Form GSTR-2A (this is a dynam-
ic form which shows saved as well as filed invoices of suppliers).
Even those invoices filed after the last day for inclusion in annual returns
are shown in GSTR-2A. Such invoices are not eligible for being counted for ITC.
Taxpayers will now be able to know their ITC at the invoice level and reconcile
the values appearing in Table-8A of Form GSTR-9 while filing their annual re-
turn. It will facilitate taxpayers to download document-wise details of Table-8A
of Form GSTR-9, from the GST portal in Excel format and view the entire Table-
8A to know the eligibility against each invoice.
In case an invoice is not found eligible for ITC, reasons will be given
against the same. For example, it could be reverse charge document or the tax-
payer may have opted for a composition scheme.
Apart from this, there could be one more scenario wherein the taxpayer
will not be able to get ITC while filing the annual return GSTR-9.
If the supplier has filed GSTR-1 or GSTR-5 after the cut-off date, it will
not be considered for ITC eligibility, though the ITC details might be shown in
his GSTR-2A. The cut-off date for 2018-19 is October 31, 2019.
[Based on Business Line, Chennai, dated 19-8-2020]

E-way Bill for intra-State gold transportation on voluntary
basis : GoM

A State Finance Ministerial panel has recommended that States be al-
lowed to track intra-State movement of gold through generation of E-way Bills
under the Goods and Services Tax (GST) regime. States were, however, of the
view that E-way Bill generation for gold for inter-State transactions may be un-
feasible given security and transportation issues, though an alternative mecha-
nism to track transactions of gold and precious stones may be developed that
may include a Reverse Charge on purchase of old gold or mandatory e-invoicing
for jewellers.
GST LAW TIMES  27th August 2020  53