GSTN issued much awaited Advisory on difference in value of Table 8A and 8C of Annual Returns FY 2023-24

The GSTN issued Advisory No. 557 on December 9, 2024, addressing concerns regarding discrepancies between Table 8A and 8C of the GSTR-9 Annual Return for FY 2023-24, particularly with how values are auto-populated from GSTR-2B as opposed to GSTR-2A in the previous fiscal year.
Key guidance includes how to report transactions involving invoices dated in FY 2023-24 but reported late by suppliers, as well as the treatment of ITC that has been claimed, reversed, and subsequently reclaimed, ensuring taxpayers maintain compliance with the updated reporting requirements.
The advisory clarifies that certain ITC-related transactions must be reported in specific tables of the GSTR-9 form, emphasizing the importance of accurate reporting to avoid mismatches and penalties, and can be accessed through the GST portal for further details.