GST Return Filing 3B

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Accountant
890 Points Posted on 27 January 2020

Sir,

As per Account ITC is Rs. 100,000/- but in GSTR2A its 50000 then how much amount to be shown in GSTR-3B i.e 60000 (100+20%) or 100,000/-

OR  we take 100,000/- in GSTR3B for information  and at the time of challan creation we may claim 60,000/-  

which is right, please help.

 

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On 27 January 2020 at 15:50 Report
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Quick Summary
This discussion addresses a common issue in GST Return Filing 3B where the Input Tax Credit (ITC) shown in accounting records differs from that available in GSTR-2A. It clarifies how to claim ITC when there's a discrepancy, considering the 20% (or 10% after January 2020) rule and the lower of GSTR-2A plus the allowed percentage or book balance. The advice suggests claiming the eligible amount based on GSTR-2A plus the allowed percentage, with the remainder claimable once suppliers file their returns and it reflects in GSTR-2A.

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1184 Points Posted on 27 January 2020
If you are filling GSTR-3B for the month of December, it might possible that GSTR-1 is not filed by your suppliers (quarterly filers) ask them to file GSTR-1 so that ITC may started show into GSTR-2A.
Otherwise you can take (100+20%) as of now. and for rest of input you can avail in next month's 3B.
keep it in mind from 01/01/2020 this % has been reduced to 10% instead of 20%
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On 27 January 2020 at 16:11
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Accountant
890 Points Posted on 27 January 2020

There are two part in GSTR-3B one is that where we enter total amount of ITC and second is where we claim at the time of payment / creation of challan as per your reply it means that We have to shown in one part also is 100+20% ?

 

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On 27 January 2020 at 16:20
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"Do the Right Thing...!!!"
128157 Points Posted on 27 January 2020
You/We will claim ITC as GSTR-2A + 10% of GSTR-2A or Books of ITC which is lower...

As per Your query You can claim 50000 (as per GSTR-2A) + 5000 (10% of GSTR-2A) = 55000.

Rest of the balance ITC can be claim Supplier's filing & it's showing in Your GSTR 2A...


( As per my view, The ITC and New rule can be following quarter wise).
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On 27 January 2020 at 19:05

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