ITC CLAIMED IS HIGHER THAN ITC AVAILABLE FORM 2B/2A

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This discussion explores whether it's possible to claim Input Tax Credit (ITC) that exceeds the amount shown in GSTR-2B, especially when all purchases are genuine and paid via banking channels. It references a Madras High Court decision and highlights that the Finance Act 2022 now mandates taking ITC as per GSTR-2B, while also advising to consider previous amendments and applicable court judgments.

SHAMNHU NATH TRIVEDI

SHAMNHU NATH TRIVEDI (Querist)
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07 June 2022 Is there any Supreme Court or High Court decision about Claiming Genuine ITC which is higher than ITC Appearing in 2B/2A All Bill/Invoices of Purchase is available and all payments were made through Banking Channel

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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08 June 2022 Madras court decision

CA Altamush Zafar

CA Altamush Zafar (Expert)
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08 June 2022 With the current amendment through Finance Act 2022 it will become mandatory to take ITC as per GSTR-2B.
Even before this since GST laws has gone through various amendments you will have to see whether any court judgement be applicable to you with changing scenarios

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