Tax

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This query is : Resolved

Quick Summary

When comparing GSTR 3B and 2A, you might find purchases where input tax wasn't claimed, possibly due to missed bills. If payment has been made for these purchases and you've verified they are indeed yours (not misattributed invoices), you can include the total purchase amount, including tax, in your P&L as a total purchase. This ensures accurate financial reporting even if the GST claim was initially overlooked.

shinu

shinu (Querist)

23 September 2020 Sir,
While comparing gstr 3 b and 2 A we came accross some purchases on which input was not claimed. Perhaps bills may be missed while claiming the input in 3 b.. So while finalising the balance sheet can we show the purchase including tax as total purchase.. We are claiming gst on it

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

23 September 2020 Ensure it's your purchase, since some others invoice might have been wrongly entered into your GSTIN.

shinu

shinu (Querist)

23 September 2020 yes.we are not claiming gst on it..just showing the total purchase including gst as purchase in p&l .payment has been made against it

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

23 September 2020 If payment has been made account it.

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