Query - ITC Utilization - From January 2022

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This query is : Resolved

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This discussion addresses whether a business can claim Input Tax Credit (ITC) for invoices received after the filing period. The user had Rs. 1 Lakh ITC reflected in their GSTR-2B and received hard copies of invoices worth Rs. 2 Lakhs from October 2021 in January 2022. The advice given is that if the ITC has not already been availed, it can be claimed, provided relevant reconciliations are prepared.

Fareed

Fareed (Querist)
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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