Can we raise debit note for no credit in Gstr2A?

This query is : Resolved

Bazeer Ahmed (Querist)
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30 September 2020 Sir / Madam,
One of our suppliers does not file his August 2018 GSTR1 till date. Hence our 2A does not display their bills but we have claimed in our GSTR3b in Aug18 itself.
1} Can we now reverse the credit which we claimed in Aug18 in our Sep2020 GSTR 3B with 24% interest from Aug18 to Oct20 (26 months)?
2) Is it correct to reverse the ITC now? –lapse period more than 2 years.
3) Can we raise a debit note on the supplier for the tax portion and for interest for 26 months as the party did not rectify besides our series of follow ups for the last 1 year?
Kindly advise us.
Thanks in advance.
With regards,
Bazeer L

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 September 2020 Reverse it in annual return of 2018-19. 3b reversal not possible now.
Raise debit note as proposed.

Message likes : 1 times

Bazeer Ahmed

Bazeer Ahmed (Querist)
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30 September 2020 Thank you very much Sir

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