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About credit ledger

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sagar tatti

76 Points Posted on 28 January 2020

if I applied form ITC-01. my ITC amount is displayed in my credit ledger in GST portal ?.

my doubt is, my supplier shown it as an B2C in his GSTR 1. How my ITC amount is displayed in my GSTR2?.

Replies (6)

Quick Summary

This discussion clarifies how applying for ITC-01 results in your Input Tax Credit (ITC) appearing in your Electronic Credit Ledger (ECL) on the GST portal. It explains that while this credit won't show in your GSTR-2A if the supplier reported it as B2C, it is available in your ITC-01 record and can be utilised against your GST 3B output liability. The thread also touches upon the possibility of claiming ITC on pre-registration purchases.

Anup Agarwal

529 Points Posted on 28 January 2020

Through ITC-01

Pankaj Rawat

GST Practitioner

29904 Points Posted on 29 January 2020

ITC which is reflected in your ECL because you have filed the ITC 01.

RAJA P M

"Do the Right Thing...!!!"

77833 Points Posted on 29 January 2020

My ITC amount is displayed in my credit ledger in GST portal ?

- Yes... It's shown Your ECL...

How my ITC amount is displayed in my GSTR2?

- It's not showing in Your GSTR 2A. But, it's shown in ITC-01. Also it will rectify by You with supporting documents.

sagar tatti

76 Points Posted on 29 January 2020

Can I utilized my itc-01 credit ledger amount for my liability of gst3b.

RAJA P M

"Do the Right Thing...!!!"

77833 Points Posted on 29 January 2020

Yes... You can utilize Your output liability...

(Dear., Then Why it will be taken through ITC-01 form )

sagar tatti

76 Points Posted on 29 January 2020

Mr Raja P M

I am started business on 1/7/18. RETAIL BUSINESS OF DRESS SHOP.
I want registered gst now, because of my customer and my supplier fource and I don't cross threshold limits for registration. my doubt is if I registered now can I get ITC on my before purchase of goods n services.
and would I pay gst on my previous sales of goods

please guide if any issue is thr