Query - ITC Utilization - From January 2022
This query is : Resolved
Quick Summary
16 February 2022
Sir/Madam,
If I have Rs.1 Lakhs ITC in books, the same was reflected in GSTR-2B.
Meanwhile my party filed return value of Rs.2 Lakhs ITC in October 2021 GST Return, in January 2022 only i have received invoice hard copies.
Can I avail the ITC as Rs.3 Lakhs (Rs.2 Lakhs Previous Filed + matched GST-2B Rs.1 Lakhs).
Please advice
Thanks & Regards
Fareed
If I have Rs.1 Lakhs ITC in books, the same was reflected in GSTR-2B.
Meanwhile my party filed return value of Rs.2 Lakhs ITC in October 2021 GST Return, in January 2022 only i have received invoice hard copies.
Can I avail the ITC as Rs.3 Lakhs (Rs.2 Lakhs Previous Filed + matched GST-2B Rs.1 Lakhs).
Please advice
Thanks & Regards
Fareed
CA Altamush Zafar
(Expert)
16 February 2022
If not already availed then you can avail the same. Prepare relevant reconciliations
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