Regarding input credit

This query is : Open

maheeshy (Querist)
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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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 August 2019 Reverse the input credit taken.

CA PARTH SHAH

CA PARTH SHAH (Expert)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 August 2019 you can't claim the credit if its not reflected in gstr 2A

CA PARTH SHAH

CA PARTH SHAH (Expert)
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08 August 2019 You can definitely claim the credit if you have the invoice.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 August 2019 Not allowed while filing annual return.

CA PARTH SHAH

CA PARTH SHAH (Expert)
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08 August 2019 You can take credit. It will show as difference in Annual Return in table 8