Provisional ITC @10.00% as per Rule 36(4)
This query is : Resolved
19 February 2020
Dear Sir/Madam,
What to do if ITC as per GSTR-2A is greater than ITC as per books ?? Please advice.
What to do if ITC as per GSTR-2A is greater than ITC as per books ?? Please advice.
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
19 February 2020
There's time gap in receiving purchase bill from vendor. It will be book in next month.
What to do ?
What to do ?
19 February 2020
Avail ITC in next month
Excess balance in 2A will have no adverse effect
Excess balance in 2A will have no adverse effect
19 February 2020
In this case, can fully ITC instead of 110% be claimed in GSTR-3B ??
19 February 2020
110 % Rule is applicable when 2A is less than books of Accounts.
Avail eligible credit as per your Books of accounts
Avail eligible credit as per your Books of accounts
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