Hey,
If I claim ITC as per GSTR 2B I have doubts on certain scenarios whether to do or not .
1. If ITC as per my books as 1,00,000 and in GSTR 2B it shows as 2,00,000 and after reconciling the same, matched ITC was 80,000. So, tell me which ITC should I claim ?
2. Certain ppl said lyk you can claim all the inputs available in GSTR 2B, But what if there are invoices reflected in 2B is not mine.? can i claim ?
3. And How to pass the ITC 5% provision entry in tally ?
I don't have exact clear view of the above first 2 points. pls mention with references.
Thanks in advance.
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GSTR 2B
Replies (4)
1. 80000+5% as per rule 36(4), if in Gstr 2b invoice are not belongs to you you can't claim such ITC
Yes thank you mam @ Renu
BTW ! how to pass 5% entry in tally.
BTW ! how to pass 5% entry in tally.
Let us understand with example
debit gst deferred A/c
credit gst input A/c
debit gst deferred A/c
credit gst input A/c
It is true that you can claim ITC as per GSTR-2B but if the same is not present in your books then you cannot claim it. With respect to the scenario mentioned by you, you can claim 80,000 plus 5% of 80,000 ITC.
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