ITCCREDIT
This query is : Resolved
Quick Summary
MAKARAND DAMLE
(Querist)
26 July 2021
INVOICE OF SUPPLIER DOES NOT REFLECT GSTIN NUMBER. BILLS OF SUPPLIER HAVE BEEN PAID IN FULL INCLUDING GST. IN SUCH A CASE WHETHER ITC CREDIT TAKEN BY RECIPIENT NEEDS TO BE REVERSED ?
CMA Poornima Madhava
(Expert)
26 July 2021
Except under rule 36(4) regarding capping of ITC up to 105% of ITC as per gstr2b, ITC cannot be availed in this case.
Further, the Supplier is required to revise the invoice to include gstin of the recipient in order for the recipient to claim ITC.
Further, the Supplier is required to revise the invoice to include gstin of the recipient in order for the recipient to claim ITC.
MAKARAND DAMLE
(Querist)
26 July 2021
This is of F Y 17-18
CA Altamush Zafar
(Expert)
26 July 2021
If the supplier has not shown invoice in b2b it cannot be rectified now.
26 September 2021
For 2017-18 we can not do anything...If ITC was claimed its better to pay on voluntary basis with interest.
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