Generating the ANX-2 ITC Claim for Non-Reverse Transactions Report (R75I827)

Use the ANX-2- ITC Claim for Non-Reverse Transactions Report (R75I827) to claim input tax credit for non-reverse transactions.

The system:

Uses the GST unit, Month To, Month From, ITC Loss Account, and GL details specified in the respective processing options of this program, to process the records from the GST ANX2 Acceptance Header File (F75I861) and GST ANX2 Acceptance Detail File (F75I862) tables and then prints the applicable status- Matched, Not Matched, or Not Applicable-in the records for ITC claim. When no value is specified in the Month To processing option, the system uses the month that is specified in the Month From processing option to process the records.
This program uses the GST unit and the Month From and Month To processing option to identify the ANX-2 header which needs to be processed. For example, to process ANX-2 records for April, the user needs to provide the Month from value as 04 and the Month To value as 04.
In this report, invoice information is summarized on the basis of invoice number and invoice date.
Note that the ITC Applicable Flag is Y in the P75I862 program, else ITC for the selected record is considered as zero.
Runs the program in proof or final mode.
You can use the P75I862 program to review processed ANX-2 records. This batch updates ITC Claim Processed as Y and ITC Claim Process Date as system run date.
Displays records based against a particular status as described below.
- Matched:
  The record in the ANX-2 information matched with the information in P75I807. This program uses Invoice Number and Invoice Date for matching. These records will be used to update the ITC ledger balance for the GST unit.
- ITC Claim Processed
  The record in the ANX-2 report for which ITC has been already claimed. When you run the R75I827 report, the status of each of the records that were processed for ITC claim in the previous batch is displayed as ITC Claim Processed.
- Not Applicable:
  The record in the ANX-2 report shows that the computed ITC Eligible amount from P75I807 is higher than the ITC Eligibility Amount, and therefore the record is not applicable for ITC claim.
- Not Matched:
  The record in the ANX-2 report is not available or is not updated in P75I807. As a result, the Document Number and Document Type fields are blank for the record in the report.
Displays the ITC Eligible Amounts from P75I807 applicable for the record.
Calculates the ITC Loss, which is the difference between the ITC Eligible Amount and ITC Available Amount, for each record of each GST type.
Displays the Total By Company, and Total ITC for the Matched records, Total Not Applicable, Total Not Matched and GST ITC Ledger closing balance.
It also displays the total for the records with the status as Not Applicable, Not Matched, and ITC Claim Processed.
It identifies the current open period for the GST unit and displays the available amount and the amount after ledger update.
If errors are identified during ITC balance update, the report prints an error message and stops processing the records.

When you run the R75I827 program in the final mode, the system:

Updates the ITC Claim Processed flag to YES and the ITC Claim Process Date to the system run date available in the P75I862 program when the records are successfully processed for ITC claim.
Updates the Matched flag to YES in P75I807 when the records are successfully matched.
Updates the GST ITC Ledger. The ITC Claim Amount is credited from the Intermediate Account and debited to the ITC Final Account.
Updates the ITC Loss Account. The ITC Loss Amount is credited from the Intermediate Account and debited to the ITC Loss Account. The ITC Loss Amount will be added to the respective ITC Loss Account Number mentioned in the associated processing option.
Note that when the ITC ledger accounts are updated, the system populates the G/L Date field with the date specified in the processing options of the R75I827 program. If a date is not provided in the processing options, the system date is used as the G/L date.
Creates the ITC ledger entries in the GST Ledgers table (F75I823) with the respective batch numbers and GST amounts for each applicable GST type (IGST, SGST, CGST, and Cess).
Updates the ITC closing balances in the GST Ledgers Setup table (F75I804) with the tax amounts. This update happen for the current period of the GST unit.
Updates the Account Ledger table (F0911), crediting the intermediate ITC accounts and debiting the permanent ITC accounts. The system determines the intermediate and permanent accounts from the GST Account Master Setup table (F75I805).
Updates the batch number and batch type in the GST Tax File table (F75I807).