With the GSTR-9 and GSTR-9C filing window for FY 2024–25 now open, tax professionals are analysing the detailed FAQs released by the Goods and Services Tax Network (GSTN) to understand their practical impact on annual compliance.

According to tax experts, the clarifications around Input Tax Credit (ITC) reporting — particularly in Tables 6, 7, 8 and the newly introduced 8H1 — are expected to significantly influence how businesses approach reconciliation this year.

Sandeep Sehgal, Partner–Tax at AKM Global, said that while the FAQs address long-standing confusion, they also raise new compliance checkpoints.

“The granular instructions on how to classify ITC reversals and reclaims under Rules 37 and 37A — depending on whether they relate to the current or previous financial year — will req

See Full Page