GST - ITC AVAILMENT OF TAX REFLECTING AFTER FILING MY 3B, Goods and Services Tax - GST

[SAFETAB LIFESCIENCE]

Dear Experts,

WISH YOU ALL A HAPPY NEW YEAR

I have a doubt on ITC availment. Please calrify.

I am a buyer. I am having GST Bills with GST amount of 50.00 Lakhs of November. Say 10 bills with total GST 40.00 Lakhs and one bill with GST 10.00 Lakhs.

Till filing my 3B on 20.12.2020, that one bill with GST10.00L was not reflected in my 2A.

So, Iam eligible to take ITC on 20.12.2020 for November is maximum of 44.00 Lakhs, right. though Iam having bills for 40.00 Lakhs reflected in 2A, I am eligible for 44.00 Lakhs, right.

My supplier who raised single bill with GST 10.00 lakhs is filing his GSTR-1 of November, on 25.12.2020 only after my filing of 3B happened on 20.12.2020. That suppliers bill will show in my 2A of November only after his filing date 25.12.2020, Am I right.

Now for December Iam having ITC bills for 30.00 Lakhs and all the bills are reflecting in 2A.

While filing my 3B on 20.01.2021, how much ITC can I take. For December portal shows 30.0L only for December in 2A. As per latest rules Iam eligible to take maximum of 30.00 + 5% = 31.50 lakhs only. But Iam eligible to take that balance amount of 6.00 L of November also, right. That 10.00 Lakhs bill of November will show in my 2A of November only though he filed after my 3B filing.

I should take 36.00 Lakhs in 3B of December (which is) November Balance 6.00 L + December acutals in 2A also total bills Iam having 30.00 Lakhs.

So, shall I take 36.00 lakhs in my December 3B on 20.01.2021. I should take. Is there any restriction will come in portal (or) whether it will allow me to take ITC of previous month pending + current month actuals (i.e) 36.00L and proceed.

Pls clarify

Posts / Replies

[Ganeshan Kalyani]

In my view, you are eligible to take 36 lacs ITC.

3B is auto-populated basis 2B figures. 2B is a static report. You need to check this report as well to see if 10 lacs invoice which was uploaded after filing of your return is appearing in it or not.

The auto-populated figures are only for reference and not final. Taxpayer have to arrive at actual eligible ITC basis GST law.