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Availing itc

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Kumar Timber Chettukuzhi

18 Points Posted on 10 April 2021

i could not file 3b and pay tax for dec'20 as my supplier did not enter his bills sold to me for dec'20. he entered that bills in his march'21 gstr1. now my gstr2a shows that in march'21. can i avail that itc in my dec'20 gstr3b? the amount comes above rs. 800000 igst.

Replies (2)

Quick Summary

This discussion addresses a common GST query regarding the Input Tax Credit (ITC) for bills that were not uploaded by a supplier in the correct month. The user's supplier uploaded December 2020 bills in March 2021, and the user wants to know if they can claim the ITC in their December 2020 GSTR-3B. The advice given is that generally, you cannot claim ITC for December 2020 in your March 2021 GSTR-3B due to Rule 36(4) restrictions. However, if the ITC amount is within a certain percentage (5% or 10%) of the total ITC available for December, it might be permissible to include it in the December return. Otherwise, the ITC should be claimed in the March 2021 GSTR-3B.

CMA Poornima Madhava

CMA

13117 Points Posted on 10 April 2021

If you are now planning to file GSTR3B for Dec20 and want to include the missing bill in Dec20, check whether such ITC is less than 5% (or 10%) of total ITC available for Dec20. If within the limit, you may include in Dec20 return, else add this bill in March20 return.