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)

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)

08 June 2022 Madras court decision

CA Altamush Zafar

CA Altamush Zafar (Expert)

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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