If GSTR1 is not filed by my supplier (i.e. if my purchase data is not appearing in my GSTR2A), whether I have to lose or reverse my input credit. Can experts clarify. pl refer to the press release also released by cbic.gov.in....News&Media/current press release/Sl no:62 dated 18.10.2018.
Thanks in advance.
GG Prakash
ITC cannot always be concluded based on GSTR 2A ( Some times the supplier may fail to file the returns properly due to which the ITC will not reflect in 2A )
If you have received taxable supply and have got a proper invoice for the same you can avail ITC. Need not wait to reflect in 2A.
Naveen Fintech Pvt Ltd
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Gupta Sachdeva & Co. Chartered Accountants
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