This is another practical issue .Iam bringing it to the CCI plat form..
If a seller file GSTR-1 quarterly and buyer file monthly then buyer face problem in claiming ITC.
Many times buyer complained about not received ITC/ not reflecting in GSTR-2A even after three months execept for the month which ends with the quarter.
Everytime the buyer release the payment the tell about non reflection in GSTR-2A and they ask for screen shots.After sending screenshot s only they are releasing payment.
It seems it is not autopopulated..
Express your opinions .It is a debatable issue
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GST monthly Vs quarterly -GSTR-2A ITC issue
Replies (12)
Quick Summary
You can file monthly return. only 1st April you can shift qtr to monthly
Yes you are right eswar reddy ji.......... every one is facing such problem........
@ Manohar-Think from buyer/service receiver point of view since he is going through troubles.
Service recipient is filing on monthly basis only.
The service recipient doesn't get ITC till the seller files GSTR-1.
So GSTR-2A reflects ITC after filing GSTR-1 by service provider.
Another trouble-we can't claim ITC based on invoice not more than 10% as per new rules.If you claim ITC based GSTR-2A then only there won't be any issue
Service recipient is filing on monthly basis only.
The service recipient doesn't get ITC till the seller files GSTR-1.
So GSTR-2A reflects ITC after filing GSTR-1 by service provider.
Another trouble-we can't claim ITC based on invoice not more than 10% as per new rules.If you claim ITC based GSTR-2A then only there won't be any issue
Hello Mr.Eswar Reddy Hi,
I was about to post this query buy didt.
Recepient of supply would get ITC through 2A only after three months.This is actually temporary loss .
Due to many practical frauds, ITC is restricted.Even supplier pay GST it doesn't matter ,they must file GSTR-1..
But atleast they should consider small tax payers under GST
They will do it in few months
Then We must suffer
Yes.People have to suffer since there is no penalty for this kind of inefficies.
Its our hard earned money in business.We must pay tax but again there is interest and penalties for delay.But there is no such interest & penalty on govt for any delays and wrong provisions
GST monthly Vs quarterly -GSTR-2A ITC issue:This can also be resolved by making filing monthly and removing quarterly filing
Else it may get resolved from E-invoice
But when GSTR-1 filing is quarterly say Oct to Dec.
All invoices are accounting in December but GST paid monthly and filed GSTR-3B monthly.
That means dept is expecting reconciliation.
All invoices are accounting in December but GST paid monthly and filed GSTR-3B monthly.
That means dept is expecting reconciliation.
Hello everyone,
I am selling x products to y but filing GST quarterly so because of this buyer unable to see my invoice on 2a so he is debiting GST amount from my invoice.
and even I am planning convert from quarterly to monthly in coming year.
but during I am paying GST amount from my pocket I am small trader it's blocking my working capital.
pls share your opinion?
I am selling x products to y but filing GST quarterly so because of this buyer unable to see my invoice on 2a so he is debiting GST amount from my invoice.
and even I am planning convert from quarterly to monthly in coming year.
but during I am paying GST amount from my pocket I am small trader it's blocking my working capital.
pls share your opinion?
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