GSTR 3B ITC..

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84 Points Posted on 05 July 2022
which itc show in Gstr 3b like as per its show in 2A or itc show in 2b.
what is diff between itc 2a and 2b.
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On 05 July 2022 at 14:44 Report
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Quick Summary
This discussion clarifies the differences between ITC 2A and ITC 2B, explaining how they reflect Input Tax Credit (ITC) based on supplier filings. It addresses consequences of claiming ITC not yet reflected in GSTR 2B, including potential interest charges from the date of claim until it appears in 2B. The consensus is that interest is payable only on utilised ITC and calculated from the month of claim until it appears in 2B, not for the entire period until it's finally reflected.

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729 Points Posted on 05 July 2022
ITC show as per 2B
if supplier filed their GSTR 1 after 11 It will reflect in 2A but reflect in 2B in next month
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On 05 July 2022 at 16:10
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84 Points Posted on 05 July 2022
If supplier file gstr 1 after due date but i claim itc then what is concequence bec in return itc colum are edited.
This provisions when apply
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On 05 July 2022 at 16:16
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Chartered Accountant
86505 Points Posted on 05 July 2022
You need to pay interest on excess ITC claimed for the period of claiming ITC till same is available in 2B.
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On 05 July 2022 at 19:32
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84 Points Posted on 05 July 2022
Eg ITC claim which not show 2b in month of april 20 but show in month of march 20 which know now ie july 22 so i pay int march 20 to july 22 or march to april .
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On 05 July 2022 at 20:17
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Chartered Accountant
86505 Points Posted on 05 July 2022
Agar ITC March me mil gayi hai aur claim may me ki hai to interest nahi lagega
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On 05 July 2022 at 20:20
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84 Points Posted on 05 July 2022
Pur bill April 20 but supplier not show in may 20 (next mont file gst)so which is not show 2b in month of may 20 but i claim itc in month of may 20 which itc show june 20 .in short i claim itc earlier which know now so whether paid int on itc if yes which date start to end
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On 05 July 2022 at 20:33
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Chartered Accountant
86505 Points Posted on 05 July 2022

So Interest to be paid from May to June

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On 05 July 2022 at 21:47
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84 Points Posted on 05 July 2022
Just clarified it means int not paid to May 20 to now ie june 22 ie not paid to 2 yr only 1 month
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On 05 July 2022 at 22:05
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GST Consultant
15986 Points Posted on 07 July 2022
There is no interest until the ITC is utilised
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On 07 July 2022 at 01:22
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Chartered Accountant
86505 Points Posted on 08 July 2022
Interest calculated for one month only.
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On 08 July 2022 at 07:32

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