ITC for the F.Y. 2020-21 (March 2021) was not taken due to not filing of Returnby the Supplier. Now supplier has filed return on 20-10-2021 and ITC showing in GSTR2A but not showing in GSTR2B due to late filing after 13-10-2021. As per rule September is last date to Claim ITC for the previous F.Y. 2020-21. I have to filed GSTR3B for the F.Y. 2021-22.
Please suggest how to take this ITC in GSRT-3B as in GSRT3B ITC automatically reflect as per GSTR2B.
the provisional ITC was reduced to 10%, and recently the government restricted provisional ITC to the extent of 5% only. Hence, as per CGST rule 36(4), a taxpayer filing GSTR-3B can claim provisional ITC only to the extent of 5% of the eligible credit available in GSTR-2B (earlier, GSTR-2A was considered).
Thanking you for reply. May i take itc 5% above GSTR-2B
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
CAclubindia
