Autopopulated ITC differ from GSTR2A

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This discussion clarifies the discrepancy between autopopulated ITC in GSTR2B and GSTR2A, particularly when suppliers file late. It explains that while GSTR2A reflects later filings, GSTR2B is based on GSTR1. The advice given is that ITC can be claimed based on GSTR2A, subject to Rule 36(4) limitations, but there's a strict deadline of 20th October following the end of the financial year to claim credit for past periods, meaning invoices from Jan/Feb 2020 cannot be claimed after this date.

Pragna Marfatia

Pragna Marfatia (Querist)
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18 December 2020 Autopopulated table of ITC only takes GSTR1 filed. Suppliers submit late and is reflected in GSTR2A but not in autopopulated GSTR2B. Then if I take as per GSTR2A, it shows red warning colour and says some rule 36(4) , CGST act, 2017.
Can I take as per GSTR2A and some pending invoices about 10 months old which were not taken earlier.
Please guide.

Lekhraj sood

Lekhraj sood (Expert)
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18 December 2020 Have you availed the ITC in books before September 2020 of 10 months old invoices? You can take the credit based on 2A also but after applying 10% rule. Credit of 2019-20 will not be available after 20th October 2020.That is why these invoices are not appearing in 2B.

Pragna Marfatia

Pragna Marfatia (Querist)
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18 December 2020 Sir, I have not availed ITC for my invoices of Jan and Feb. 2020, so I want to claim now. I understand that upto 1 year of invoice date, one can claim ITC. Is it not true?

Please guide.

Lekhraj sood

Lekhraj sood (Expert)
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18 December 2020 No madam,you can not claim after 20th October following the end of the year.

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