Input of Amended bills

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This query is : Resolved

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A business registered in Uttar Pradesh received GST bills in July from a Haryana-registered vendor. The vendor incorrectly reported taxable values, tax amounts, and the place of supply in their GSTR-1. The vendor plans to amend these errors in their August GSTR-1. The core question is whether the recipient can claim the Input Tax Credit (ITC) for these bills in their August GSTR-3B return, and if any restrictions apply to the July return. Advice suggests claiming ITC in August is possible, but careful documentation and reconciliation with GSTR-2B are essential. Alternatively, the supplier could issue credit notes and re-issue invoices in August.

Sanchit

Sanchit (Querist)

18 August 2023 Dear Sir,
We (Regd. in Uttar Pradesh in gst) have recd. some bills from 1 vendor (regd. in haryana in gst) in the month of July 23 and the vendor had filed his GSTR-1 on timely basis but catered wrong taxable value and tax values and wrong place of Supply e.g. in some bills place of supply was punjab, in some bills place of supply was haryana and in some bills place of supply was uttar pradesh with wrong taxable value and wrong tax amt.
Now, vendor is saying that he will amend all invoices in august month return.
Can we can claim all itc on all invoices of that vendor in the August month GSTR-3B return.
If yes, then is there any amt to report under "(2) Ineligible ITC under section 16(4) & ITC restricted due to PoS rules" in July month Gstr-3b return, kindly assist

RAJA P M

RAJA P M (Expert)

19 August 2023 Are You Take or leave the said ITC in July month's return...? What about you in July...??

Sanchit

Sanchit (Querist)

19 August 2023 i will not able to take the itc as vendor has wrongly catered the place of supply in his gstr-1

RAJA P M

RAJA P M (Expert)

19 August 2023 You can take the itc in August month. But, keep the documents as per the ITC availed through GSTR 3B and mismatch with GSTR 2b.

RAJA P M

RAJA P M (Expert)

19 August 2023 My another advice is : Otherwise You can say to supplier for Issue ctedit note for the July bills and Generate invoices on August..

Sanchit

Sanchit (Querist)

19 August 2023 Sir,
All Bills were correctly raised to us at the time of delivery of goods but reported wrong in vendor GSTR-1, now vendor is saying that he will amend those bills in his GSTR-1 in aug 23, my query is whether can i claim those bills ITC in Aug 23 i.e., whether those bills will be available in GSTR-2B in Aug 23 or not

RAJA P M

RAJA P M (Expert)

19 August 2023 You can take the itc in August month. But, keep the documents as per the ITC availed through GSTR 3B and mismatch with GSTR 2b

Read more at: https://www.caclubindia.com/experts/details.asp?group_id=2907654

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