GSTR3B_Input

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This discussion highlights a common issue where companies claim GST input tax credit (ITC) based on material received rather than GSTR 2B reconciliation. Experts strongly advise against this practice, warning of future problems like excess ITC claims and potential notices from the department. It's essential to claim ITC strictly as per GSTR 2B to ensure compliance and avoid penalties. The advice also confirms that correctly marking ineligible ITC, such as for building-related expenses, is the right approach.

RAMAKRISHNA K

RAMAKRISHNA K (Querist)

16 May 2022 Dear experts,

i am working in manufacturing company, as per my seniors suggestion we are taking Input of GST amounts as per actual received (what we are received materials in the month ) . we are not doing Books Vs 2B reconciliation and we are not taken input as per 2B.
is there any problem in future?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

16 May 2022 Yes, you will face the problem of excess ITC availed.
So go as per rules avail ITC as per 2b.

CA Puja Sharma

CA Puja Sharma (Expert)

16 May 2022 It's better to take the ITC a sper GSTR 2B.
If you will take any excess input as compared to GSTR 2B then the department might issue a notice.

RAMAKRISHNA K

RAMAKRISHNA K (Querist)

16 May 2022 Thank you sir for your guidelines and one thing ...coming to under ineligible ITC , we are directly showing amounts in ineligible column. we are not avail ITC for related to Building is it correct.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

16 May 2022 Yes you are right.....

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