While tagging monthly ITC as per GSTR-2B Reconciliation, previous year pending ITC is Not showing.
While tagging monthly ITC as per GSTR-2B Reconciliation and previous year pending ITC is Not showing follow the below steps:
Step1: Check pending ITC as per GSTR 2B in the previous financial year if it is available. To switch the financial year go to Administration ->Change Financial Year and Select the previous available financial year.
Step2: If it is available, no action required in the previous financial year which is just selected.
Step3: Again go to Change Financial Year and Select Carry Pending ITC Entries to Financial Year
Step4: Start button on the popup appears and wait until complete the process
To do the ITC Tagging now follow below steps:
Step1: Go to Transaction -> GST Misc Utilities -> Monthly ITC Tagging as per GSTR-2B
Step2: Select Party wise or date wise from the popup appeared
Step3: Show Previous year transaction as Y from the popup appeared
Step4: Press F2 or click OK
Step5: Report will appear
Step6: Select respective one transaction and Press F4 (to open ITC claim status popup)
Step7:Select the appropriate ITC Status from Drop down
Step8: Select Period from Return Period drop down
Step9: Select Found or Not Found under GSTR-2B status
Step10: Select GSTR-2B Period
Step11: Press Enter to change ITC status in the Monthly ITC Tagging as per GSTR-2B Report
Important Note:
Both previous and current financials should exist in a single company, data must not splitted.
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