Regarding input credit
This query is : Open
03 August 2019
Dear sir/ Madam,
My doubt is we received input credit in Oct 2018 on Bank term loan . we have taken that input credit but till that amount is not showing in GST portal . we called to bank they are saying that it is not possible to reverse that return.
How to rectify this input credit..... Please suggest me .
Thanking you.
My doubt is we received input credit in Oct 2018 on Bank term loan . we have taken that input credit but till that amount is not showing in GST portal . we called to bank they are saying that it is not possible to reverse that return.
How to rectify this input credit..... Please suggest me .
Thanking you.
CA R SEETHARAMAN
(Expert)
04 August 2019
Reverse the input credit taken.
CA PARTH SHAH
(Expert)
07 August 2019
How did you recieve the credit???
If you have the invoice from the bank and if you have paid the charges then you can claim the credit even though its not reflected in gstr 2A
If you have the invoice from the bank and if you have paid the charges then you can claim the credit even though its not reflected in gstr 2A
CA R SEETHARAMAN
(Expert)
07 August 2019
you can't claim the credit if its not reflected in gstr 2A
CA PARTH SHAH
(Expert)
08 August 2019
You can definitely claim the credit if you have the invoice.
CA R SEETHARAMAN
(Expert)
08 August 2019
Not allowed while filing annual return.
CA PARTH SHAH
(Expert)
08 August 2019
You can take credit. It will show as difference in Annual Return in table 8
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