Itc camparison question

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies the correct procedure for GST Input Tax Credit (ITC) claims, emphasising that ITC should only be claimed if it reflects in GSTR-2B. It also addresses the scenario where a vendor's GST number is cancelled. If the cancellation date is retrospective and precedes your purchase invoice, you may still be able to claim ITC if you hold a valid invoice and have paid the tax, potentially requiring legal recourse.

Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)

02 August 2022 Sir,
1.Any gst registered dealer itc claim camparison gstr3b with purchase ledger books or gstr2b or orginal invoice based correct procedure in gst act.
2.gst registered regular scheme dealer gst registered number cancel after itc excess claim notice issued from gst department provision applicable in gst act.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)

02 August 2022 1. Claim ITC only if reflected in GSTR-2B.
2. If vendor GST number cancelled first check from which date department is claiming GST number cancellation, if it is cancelled w.e.f. from an earlier date that is the date earlier than your purchase invoice but you have been issued valid purchase invoice and has paid tax also then you can fight the matter. Refer to case laws. in some cases department may cancel the GST registration from retrospective effect and then create demand in the hands of purchasing dealer.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)

02 August 2022 Claim ITC only if reflected in GSTR-2B. 2. If vendor GST number cancelled first check from which date department is claiming GST number cancellation, if it is cancelled w.e.f. from an earlier date that is the date earlier than your purchase invoice but you have been issued valid purchase invoice and has paid tax also then you can fight the matter. Refer to case laws. in some cases department may cancel the GST registration from retrospective effect and then create demand in the hands of purchasing dealer.

Read more at: https://www.caclubindia.com/experts/itc-camparison-question--2878764.asp

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