Enhancements in GSTR-9 & GSTR-1

#GSTR-9: Support of New Table 8A

ITC calculation in Table-8A of GSTR-9, has been changed from FY 2023-24. Before 2023-24, the calculation of this table was based on GSTR-2A. From FY 2023-24 onwards, this calculation is now based on GSTR-2B. As a result, the Table 8A Excel and API formats have also changed.

This update aligns the Table 8A data fetching & import in Octa GST with the new mechanism which is based on GSTR-2B.

• GSTR-2B data export has been updated to include an additional column GSTR-9 (8A) ITC Available in the report. This column will indicate whether the ITC of that invoice is available in GSTR-9 or not.
• GSTR-2B reconciliation report has been updated to include an additional column R9 ITC Eligible. This column will indicate whether the ITC of that invoice is available in GSTR-9 or not.

#GSTR-9: Support of E-Commerce Supplies

Support of Table 5-C1 has been added in GSTR-9 to report e-commerce supplies on which tax is to be paid by e-commerce operators as per section 9(5).

#GSTR-1: Revised B2CL Threshold

Vide Notification No. 12/2024 – Central Tax dated 10th July, 2024, the Government has reduced the threshold limit for reporting of invoice wise details of inter-state taxable outward supplies made to unregistered dealers from 2.5 Lakh to 1 Lakh which needs to be reported in Table 5 of Form GSTR-1 and Table 6 of GSTR-5. This change has been implemented in Govt GST Portal now. Consequently, same has been implemented in Octa GST also. Any B2C inter-state invoice having value more than Rs 1 Lakh, will be automatically reported as B2CL in Table 5A of GSTR-1.