Query regarding ITC after GSTR2B?

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..... Query regarding ITC after GSTR2B?
Query (Issue) Started By: - Ashish Gupta Dated:- 28-11-2020 Last Reply Date:- 11-12-2020 Goods and Services Tax - GST
Got 4 Replies
GST
If a Good is purchased interstate and say it leaves West Bengal for Maharastra on 28th November and comes on 5th December, the ITC was taken in the December 20 return of GSTR-3B which was filed in January though the s .....

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..... upplier has shown the sale in his November return and is seen in the GSTR-2A. With the introduction of GSTR-2B is there any change in this position as the IGST will be reflected in the November GSTR-2B return and not in the December GSTR-2B returns and there is a limit of maximum 110% in the credit that can be taken as compared to the GSTR-2B return. Reply By PAWAN KUMAR: The Reply: Dear Sir, .....

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..... Credit reflecting in GSTR-2B can be claimed. In case not possible to claim in the current tax period, can be claimed in next tax period. similar provision is for previously reflected details in GSTR-2B. it is as per self-assessment basis. proper recon should be there in this regard as per my view. Reply By Ganeshan Kalyani: The Reply: As per provision u/s 16(2)(b), the goods must have received s .....

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..... o as to become eligible to claim input tax credit. Hence, even if the credit is available in 2B in Nov the recipient can claim only in the month of Dec i.e. the month in which the goods are physically received by him. Reply By Bhavika Chothani: The Reply: If the invoice is coming in GSTR-2A of November before or on 11th then it must come in GSTR-2B of November too. So in this case introduction .....

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..... of GSTR-2B will not affect Reply By PAWAN KUMAR: The Reply: definitely, will not.
Discussion Forum - Knowledge Sharing .....

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