ITC Eligibility if reflecting in 2A but not in 8A

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..... ITC Eligibility if reflecting in 2A but not in 8A
Query (Issue) Started By: - Ashiesh Prremji Dated:- 28-3-2021 Last Reply Date:- 30-3-2021 Goods and Services Tax - GST
Got 6 Replies
GST
Dear Sir, Invoices pertaining to FY 19-20 reflecting in 2A but not in 8A as supplier has uploaded GSTR-1 after 31/10/2020. Whether need Reversal of ITC on this basis as its showing negative balance i .....

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..... n 8D of GSTR-9 ? Thanks! Reply By Ganeshan Kalyani: The Reply: In my view no. Reply By Ganesh S: The Reply: Dear Sir, No need to reverse credit. However, it is better to raise a ticket and send a mail to helpdesk stating that the amount doesn't match seeking rectification in the portal. Further, you may add that since you need to comply with the timeline for filing annual return, you are .....

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..... going ahead with the filing of Annual return with the said difference. Regards, Reply By KASTURI SETHI: The Reply: Agree with both experts. To be on safer side, after lodging your grievance with the Grievance Redressal Cell of GST, you will have to visit jurisdictional GST Range Officer/Deputy Commissioner, In-charge GST Division for this purpose.Bring the problem to the notice of the departme .....

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..... nt. It will show your bona fides and some way-out will be evolved. Thus you will save your interest and penalty also (if there is any remote possibility). Reply By Ashiesh Prremji: The Reply: Thank You so much to all experts! One more query Sir....If supplier upload/amend Invoices pertaining to FY 19-20 in the month of Dec.20, as amendment window is still working for FY 19-20 on GST portal. wil .....

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..... l it make ITC eligible which already availed within time ? I want to clear if supplier showing correction of Invoice in Dec 20 for FY 19-20 & already paid tax in 3B. If we provide this information to Department will it still be counted as mismatch ? Reply By KASTURI SETHI: The Reply: What is most important in this scenario is that correct and true picture/figures must be conveyed to the departm .....

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..... ent. It will show your bona fides and also save you from penalty nonetheless mismatching. If there is a mismatch, you can give reasons therefor later on. Reply By Ashiesh Prremji: The Reply: Thank you Sir for your valuable suggestion!
Discussion Forum - Knowledge Sharing .....

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