Dear Sir, One of my supplier didn't file GSTR 1 resulting showing counter file Submit status "No". Can I claim ITC on the basis of tax invoice only without ignorance any law or clause. Please do the needful.
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Quick Summary
This discussion addresses whether Input Tax Credit (ITC) can be claimed solely based on a tax invoice when a supplier has not filed their GSTR 1, resulting in a 'No' status for their GSTR 2A. While the general rule requires the supplier's GSTR 1 to be filed for ITC eligibility, the conversation explores the nuances, especially for quarterly filers. It's clarified that the counterparty status showing 'No' typically means submission, not filing, and the status changes to 'Yes' once filed, enabling ITC claims. The importance of the tax invoice and proof of tax payment is highlighted as sufficient for claiming ITC, provided legal clauses are not violated and specific differences between claimed and reflected ITC are managed.