If Capital goods input credit not taken then input amount (i.e. not taken ) GSTR3B can mentioned?
If mentioned where i can mention in gstr3b column.
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Capital input not taken
Replies (13)
Not taken means "Are You missed" or "Don't want to claim "
which ine
which ine
Don't want claim it input tax credit
If you don't want take ITC then no any requirement in showing GSTR3B.
Not required to show it in GSTR-3B
If it is reflecting in your 2A, then reverse in 3B. otherwise no need to show in 3B.
If it's reflecting in 2a...ignore it
donot show in gstr 3b
show as ineligible in annual return
donot show in gstr 3b
show as ineligible in annual return
Reverse the ITC of You don't want claim...
If it's reflected in 2A , then you must report the same Under Reversal table 4(d)(2).
@ Pankaj
If we received Invoice late .for i.e ,Invoice for the month of April received in July ,so can we show in July GSTR3B in table 4(d)(2) Ineligible ITC ? or what is time limit ,CGST act section reference .please reply
If ineligible ITC wrongly Input credit taken then how can reverse 4 (d) 2 column and if damage stock or employee welfare expenses how can reverse
Show it in ineligible credit in GSTR-3B
Dear Prasad Niugal
Yes you can........
As in particular case the Taxpayer has not avail the ITC & just to setoff the excess ITC being reflected in 2A .
as per Section 16(3) where the taxpayer has claimed the depreciation on Tax component of the cost of capital goods, the ITC shall not be allowed.
Hence , even though if the Taxpayer not reverse the same , it hardly matter. Infact the taxpayer should always ask for B2C invoice on which ITC not be claimed
Yes you can........
As in particular case the Taxpayer has not avail the ITC & just to setoff the excess ITC being reflected in 2A .
as per Section 16(3) where the taxpayer has claimed the depreciation on Tax component of the cost of capital goods, the ITC shall not be allowed.
Hence , even though if the Taxpayer not reverse the same , it hardly matter. Infact the taxpayer should always ask for B2C invoice on which ITC not be claimed
A taxable person as defined in gst act has very distinctly defined that a composition dealer cannot claim itc.
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