Mismatch of itc

This query is : Resolved

komal (Querist)
Follow

11 April 2017 Dear All,

My question is that if supplier does not take invoice in his GSR 1 for sale of goods But recipient take credit of tax paid for this invoice. and after communication from dept supplier does not accept this invoice & ultimately it will be added in the output tax liability of recipient & he pay tax along with interest on such amount. Later on, after some months supplier accept the invoice then how he(Supplier) will enter such invoice in his GSR 1 like original invoice dated or invoice dated of the month in which he is filling return/ in which month he accept this invoice. or whether it can be done by amendment in his return of earlier period or credit note/debit note. mean how he can add this invoice in his return.

Thanks!!!!!!

CA. Vinodh Kothari

CA. Vinodh Kothari (Expert)
Follow

11 April 2017 If the supplier does not take invoice in GSTR 1 then the recipient cannot take credit of that Invoice. Input Credit can be taken only if your supplier provides your purchase in his GSTR 1. Input Credit can be availed only on invoice to invoice matching concept. There is no option where you can claim Input of those invoice which are not entered by you Supplier.

VK

komal

komal (Querist)
Follow

12 April 2017 Dear Sir,
I understood the way you said like matching concept
But in ICAI Material on GST, they gave such example like later on supplier can accept such invoice but not mentioned like how supplier will book that invoice. and if there is month wise matching concept then what is the role of interest in that because in GST law interest is also taxable.

Thanks!!!!

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now