Confusion in ITC
This query is : Resolved
17 January 2021
Respected Experts,
We are manufacturer and file GSTR-1 & GSTR 3B on monthly basis. Presently, we are very confused that what will be the basis of ITC. Let suppose our total ITC in books in Dec-20 is around 22 Lacs.
GSTR-2B shows around 18 lacs, in which some traders have not filed their GSTR-1. So how many ITC we can claim?
Also, guide us we have to file our GSTR 3B on 2B basis or 2A basis, if 2B basis, what will be the roll of GSTR 2A in presently scenario.
Kindly guide me.
Rakesh Sharma
We are manufacturer and file GSTR-1 & GSTR 3B on monthly basis. Presently, we are very confused that what will be the basis of ITC. Let suppose our total ITC in books in Dec-20 is around 22 Lacs.
GSTR-2B shows around 18 lacs, in which some traders have not filed their GSTR-1. So how many ITC we can claim?
Also, guide us we have to file our GSTR 3B on 2B basis or 2A basis, if 2B basis, what will be the roll of GSTR 2A in presently scenario.
Kindly guide me.
Rakesh Sharma
17 January 2021
Claim 18 lacs plus 5% ITC.
Claim as per 2A or 2B which one show higher. 2A is updated till date.
Claim as per 2A or 2B which one show higher. 2A is updated till date.
17 January 2021
GO FOR DETAILED ADVISORIES ISSUED BY GST AT
https://www.gst.gov.in/help/returns
https://www.gst.gov.in/help/returns
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