Hello,
I've been filing GSTR3B without having look at eligible ITC from GSTR2B.
On comparing I found that I've claimed more ITC than shown in 2B.
However, I've valid invoices based on which I'm filing returns.
I guess I'm not being complaint.
Now what should be done so that everything can be on same page.
with 2B coming into play, ITC reconciliation with acc. software has messed up bcoz we now need to go back to older invoice where ITC is not claimed during filing month but see data in next consecutive return.
Awaiting reply from the community.
Thanks.
You can claim extra if you have valid invoices there is no issue in it. Only thing that you need to check is the extra amount should not be more than 10% of the available ITC
Know more about the 10% ITC Rule
CAclubindia
