ITCCREDIT

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This query is : Resolved

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If a supplier's invoice lacks your GSTIN, even if you've paid the full amount including GST, you generally cannot claim ITC credit, except under specific capping rules. The supplier must revise the invoice to include your GSTIN. For the 2017-18 financial year, if the supplier hasn't reflected the invoice in their B2B filings, rectification may not be possible, and it's advisable to voluntarily reverse the claimed ITC with interest.

MAKARAND DAMLE

MAKARAND DAMLE (Querist)
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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

CMA Poornima Madhava (Expert)
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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.

MAKARAND DAMLE

MAKARAND DAMLE (Querist)
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26 July 2021 This is of F Y 17-18