Input Tax Credit of F.Y. 2021-22 invoices or debit note to be claimed in GSTR-3B of October 2022

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Input Tax Credit of F.Y. 2021-22 invoices or debit note to be claimed in GSTR-3B of October 2022 - By: - Ganeshan Kalyani - Goods and Services Tax - GST - Dated:- 2-11-2022 - - The time limit to claim Input tax credit on invoices or debit note pertaining to previous year 2021-22 is 31.10.2022 as the amended provision states that the taxpayer can claim input tax credit till the compliance to be d .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... one before 30th November. The GSTR-3B of October will be filed by 20th Nov, 2022 which is before 30th November. This required the taxpayer to carryout GSTR-2B reconciliation for F.Y. 2021-22 on YTD basis. In case if any invoice is missing in GSTR-2B as on today, the same should be informed /communicated to supplier so that he can furnish the same in his GSTR-1 to be filed by 11th Nov, 2 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 022. The supplier can also incorporate invoice details, rectify or furnish the invoice of previous year in GSTR-1 to be filed by 11th Nov 2022. Similarly, if any invoice is appearing in GSTR-2B but said invoice is not accounted in books of account then the same can be accounted and input tax credit can be claimed thereon. From 01.01.2022 the claim of Input tax credit is allowed , inter-a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lia, the invoice details appear in GSTR-2B . Also, the time limit as stated above need to be fulfilled. Looking into both the provisions and timeline it requires the taxpayer to do the GSTR-2B reconciliation on YTD basis as ap. - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X