Input tax credit
gaurav yadav (14 Points)
19 May 2020gaurav yadav (14 Points)
19 May 2020
Pankaj Rawat
(GST Practitioner)
(55037 Points)
Replied 19 May 2020
Shivam RC
(Student)
(23683 Points)
Replied 20 May 2020
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 20 May 2020
Note, the requirement to match GSTR 2A (GSTR 1 filed by vendor) was applicable from 1st October 2019 only. Therefore, if you had a valid invoice, received goods/services, and made full payment to the vendor, the ITC is your right and is eligible. You should've claimed irrespective of the vendors returns.
Also, when did vendor correct his return? Was it before time limits (20th Oct 2019?) If yes, then agree with above answers.
suraj zanwar
(Student CA IPC / IPCC)
(352 Points)
Replied 23 May 2020