ITC NOT REFLECTING IN GSTR2A
This query is : Resolved
Quick Summary
02 March 2021
IF BILL OF MAR-1920 IS NOT REFLECTING IN GSTR2A AND TIME HAS BEEN LAPSED FOR AVAILING ITC AND NOW WE ARE IN MAR 2021, HOW CAN WE GET THAT ITC?
CAN WE SAY THEM TO ISSUE FRESH INVOICE AND WE WILL NOT TAKE DEDUCTION OF PURCHASE VALUE IN INCOME TAX, ONLY CLAIM ITC OF THIS BILL?
CAN WE SAY THEM TO ISSUE FRESH INVOICE AND WE WILL NOT TAKE DEDUCTION OF PURCHASE VALUE IN INCOME TAX, ONLY CLAIM ITC OF THIS BILL?
02 March 2021
No, the party cannot issue fresh invoice now.
They have already issued invoice in FY 2019-20. The same sale cannot be cancelled now because the time limit to issue credit note have also passed.
It won't be possible to take the claim of this ITC.
They have already issued invoice in FY 2019-20. The same sale cannot be cancelled now because the time limit to issue credit note have also passed.
It won't be possible to take the claim of this ITC.
02 March 2021
If the amount is substantial then you can avail the credit and fight out later.
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