GSTR3b October 19

This query is : Open

Shaik Areef (Querist)
Follow

20 November 2019 If Supplier Updates October GSTR1 on 20th November and it is the last date of GSTR3b October. Can we Consider his ITC in GSTR3B? Please Clarify this

A.S.SUNDARARAJAN

A.S.SUNDARARAJAN (Expert)
Follow

20 November 2019 The due date for filing GSTR 1 for the month of October 19 is 11th November 19.
Regarding availment of credit, new restriction on GST ITC credit imposed WEF 09.10.2019. For this purpose , GST credit reflected only up to the due date of filing return to be considered. But 20% additional credit on the amount reflected in GSTR 2A can be taken for the invoice or Debit note not reflected items. If one or two case like this you may take credit and advise the suppliers to file GSTR 1 on due date. But if the amount is invloved is high, then GST ITC Credit not to be taken on self assesssment basis.

RAJA P M

RAJA P M (Expert)
Follow

21 November 2019 Yes... You can ITC if Suplier filed his GSTR-1. May be the late liability arising to Your suplier and they will face that. You don't consider the filing date. If bills showing in your GSTR 2A then You can claim ITC.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now