Table No.

Instructions

12A

ITC availed (after reversals) as per the audited Annual

Financial Statement shall be declared here. There may be cases where

multiple GSTINs (State-wise) registrations exist on the same PAN. This

is common for persons / entities with presence over multiple States. Such

persons / entities, will have to internally derive their ITC for each

individual GSTIN and declare the same here. It may be noted that reference

to audited Annual Financial Statement includes reference to books of

accounts in case of persons / entities having presence over multiple States.

12B

Any ITC which was booked in the audited Annual

Financial Statement of earlier financial year(s) but availed in the ITC

ledger in the financial year for which the reconciliation statement

is being filed for shall be declared here. This shall include transitional

credit which was booked in earlier years but availed during Financial Year

2017-18.[For[FY 2017-18,] [Inserted by Notification No. G.S.R. 845(E), dated 14.11.2019 (w.e.f. 19.6.2017).][2018-19, 2019-20 and 2020-21] [Substituted '2018-19 and 2019-20' by Notification No. G.S.R. 517(E), dated 30.7.2021 (w.e.f. 19.6.2017).], the registered person shall have an option to not fill this Table.]

12C

Any ITC which has been booked in the audited Annual

Financial Statement of the current financial year but the same has not

been credited to the ITC ledger for the said financial year shall be

declared here.[For[FY 2017-18,] [Inserted by Notification No. G.S.R. 845(E), dated 14.11.2019 (w.e.f. 19.6.2017).][2018-19, 2019-20 and 2020-21] [Substituted '2018-19 and 2019-20' by Notification No. G.S.R. 517(E), dated 30.7.2021 (w.e.f. 19.6.2017).], the registered person shall have an option to not fill this Table.]

12D

ITC availed as per audited Annual Financial Statement or

books of accounts as derived from values declared in Table 12A, 12B and 12C

above will be auto-populated here.

12E

Net ITC available for utilization as declared in Table

7J of Annual Return (GSTR9) shall be declared here.

13

Reasons for non-reconciliation of ITC as per audited Annual

Financial Statement or books of account (Table 12D) and the net ITC

(Table12E) availed in the Annual Return (GSTR9) shall be specified here.

14

This table is for reconciliation of ITC declared in the

Annual Return (GSTR9) 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.[For[FY 2017-18,] [Inserted by Notification No. G.S.R. 845(E), dated 14.11.2019 (w.e.f. 19.6.2017).][2018-19, 2019-20 and 2020-21] [Substituted '2018-19 and 2019-20' by Notification No. G.S.R. 517(E), dated 30.7.2021 (w.e.f. 19.6.2017).], the registered person shall have an option to not fill this Table.]

14R

Total ITC declared in Table 14A to 14Q above shall

be auto populated here.

14S

Net ITC availed as declared in the Annual Return (GSTR9)

shall be declared here. Table 7J of the Annual Return (GSTR9) may be used

for filing this Table.

15

Reasons for non-reconciliation between ITC availed

on the various expenses declared in Table 14R and ITC declared in Table

14S shall be specified here.

16

Any amount which is payable due to reasons specified

in Table 13 and 15 above shall be declared here.