1. Localizations for India Implementation Guide
  2. Using the Claim ITC for Non Reverse Purchase and AP Transactions Program (R75I821)

Using the Claim ITC for Non Reverse Purchase and AP Transactions Program (R75I821)

Use the Claim ITC for Non Reverse Purchase and AP Transactions program (R75I821) to claim input tax credit for non-reverse purchase and AP transactions.

You can run this program in proof mode or final mode. For the GST unit and the date range specified in the processing options of this program, the system processes the records from the GST Tax File table (F75I807) that are posted, recoverable, and not processed (batch number is blank).

The system:

  • Creates ITC ledger entries in the GST Ledgers table (F75I823) with the batch number and the 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.

  • 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).

The R75I821 report includes details of the goods transactions, service transactions, and GST ITC ledger closing balance.