The Goods and Services Tax Network (GSTN) has issued an important advisory concerning the filing of annual returns in Form GSTR-9 and GSTR-9C for the financial year 2023-24.
The advisory highlights the auto-population of Input Tax Credit (ITC) data in GSTR-9, its implementation on the GST portal, and suggests the introduction of a progressive validation utility.
Starting from FY 2023-24, the GST system will automatically populate eligible Input Tax Credit (ITC) details related to domestic supplies (excluding ITC on reverse charge and imports) in Table 8A of GSTR-9.
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