Provisional ITC @10.00% as per Rule 36(4)

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RITESH B. PANCHAL

RITESH B. PANCHAL (Querist)
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19 February 2020 Dear Sir/Madam,

What to do if ITC as per GSTR-2A is greater than ITC as per books ?? Please advice.

CA Anita Bhadra

CA Anita Bhadra (Expert)
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19 February 2020 Reconcile your Books of Accounts with GSTR 2A . GSTR 2A may reflect greater balance in case you have received a supply for which credit is blocked u/s 17(5). ITC will be reflecting in GSTR 2A while it may not be in your books of accounts

RITESH B. PANCHAL

RITESH B. PANCHAL (Querist)
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19 February 2020 There's time gap in receiving purchase bill from vendor. It will be book in next month.
What to do ?

CA Anita Bhadra

CA Anita Bhadra (Expert)
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19 February 2020 Avail ITC in next month
Excess balance in 2A will have no adverse effect

RITESH B. PANCHAL

RITESH B. PANCHAL (Querist)
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19 February 2020 In this case, can fully ITC instead of 110% be claimed in GSTR-3B ??

CA Anita Bhadra

CA Anita Bhadra (Expert)
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19 February 2020 110 % Rule is applicable when 2A is less than books of Accounts.
Avail eligible credit as per your Books of accounts

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Provisional ITC @10.00% as per Rule 36(4)

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