ITC availed in 3B, but not in books.
This query is : Resolved
28 February 2022
The query is:
ITC has been availed based on the bills in hand, which were not filed by the supplier in their GSTR 1(so they are not in 2A). This pertains to the FY 20-21. How do i disclose it in the GSTR 9 for FY 20-21. And do i pay interest u/s 50(1) or 50(3) i.e. 18% or 24%.
Thanks in advance.
ITC has been availed based on the bills in hand, which were not filed by the supplier in their GSTR 1(so they are not in 2A). This pertains to the FY 20-21. How do i disclose it in the GSTR 9 for FY 20-21. And do i pay interest u/s 50(1) or 50(3) i.e. 18% or 24%.
Thanks in advance.
05 March 2022
You can declare correct ITC as per the bills issued in GSTR-9 and there is no need to reverse it or pay interest. You can also check next FY's 2A whether it reflects there or not.
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