GSTR-2A
Mohit lodhi (student) (952 Points)
14 October 2018
What will happen if ITC availed in 2017-18 will not match with GSTR-2A?
5 Replies
Vinod Babu
(24196 Points)
Replied 14 October 2018
if the ITC in 3B is more than in 2A, then you have to reverse the ITC and also pay interest.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 14 October 2018
As per section 16 , to have ITC claim : 1.Have Tax Invoice
2.Reced Goods
3.GST has been Deposited by Supplier
4. Further of business
So As per point 3 can only be achived if GSTR1, 2,&3 all had been filed but its was not. Hence nobody knows whether your supplier has deposited the GST on the bill raise to you . iam not denying the bills reflected in 2a has no importance in claiming ITC, but ... if you have reced bill & reced goods & the same is not reflected in 2a you still liable to claim ITC .
In short Any difference in 2a with your books can be match by increasing or decreasing ITC in your 3b & keep prepare reco. statement for the same
2.Reced Goods
3.GST has been Deposited by Supplier
4. Further of business
So As per point 3 can only be achived if GSTR1, 2,&3 all had been filed but its was not. Hence nobody knows whether your supplier has deposited the GST on the bill raise to you . iam not denying the bills reflected in 2a has no importance in claiming ITC, but ... if you have reced bill & reced goods & the same is not reflected in 2a you still liable to claim ITC .
In short Any difference in 2a with your books can be match by increasing or decreasing ITC in your 3b & keep prepare reco. statement for the same
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 15 October 2018
@ Mohit Lodhi.,
(if less , then?) then You can claim the ITC in Your next return (You can't avail after September-18 GSTR 3B return)...
@ Vishal Goel.,
(how to reverse itc) You ll add to Your outward value which is wrongly claimed ITC in any of the previous month/s and Pay interest @ 24%. Interest will be payable from the ITC availed date.
(if less , then?) then You can claim the ITC in Your next return (You can't avail after September-18 GSTR 3B return)...
@ Vishal Goel.,
(how to reverse itc) You ll add to Your outward value which is wrongly claimed ITC in any of the previous month/s and Pay interest @ 24%. Interest will be payable from the ITC availed date.
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