Input not taken due to wrong GST rate

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This query is : Resolved

Quick Summary

A user received a purchase bill with a 12% GST rate instead of the correct 18% and didn't record it. They are now past the six-month mark and seeking advice on how to resolve this. The advice given is to ask the supplier to rectify the invoice and deposit the correct GST. Once this is done and reflected in GSTR 2A, the Input Tax Credit (ITC) can be claimed, typically up to the September return filing date or annual return filing date of the following financial year.

DEEPAK ADHIKARI

DEEPAK ADHIKARI (Querist)

08 July 2020 I got a bill of purchase with 12% gst instead of 18%. so, i did not enter in my books. I asked supplier to change it but he forgot to change the bill and I also forgot the matter. But now I rembered but its been more than six months. what can be done to resove this. Please help.

VIKASH KUMAR

VIKASH KUMAR (Expert)

09 July 2020 You can take credit of correct itc once the same is reflected in your GSTR 2A.ITC can be claimed upto return filing date of september month of next f.y or upto the date of annual return filing which ever is earlier
(For Example itc of invoice issued during ther period from April 2019 to march 2020 can be claimed upto 20th Oct 2020)

Ask your supplier to rectify the invoice and deposit the excess gst, once submitted by supplier the same will be reflected in your GSTR 2A and you can claim credit

Message likes : 1 times

DEEPAK ADHIKARI

DEEPAK ADHIKARI (Querist)

09 July 2020 THANKS YOU SO MUCH SIR

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