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Input Reg.

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Rahmathullah p

101 Points Posted on 17 January 2021

sir,
in December month GSTR-3B auto populated show ITC for 35000.00 but ITC in
hand 500000.00 One party filed 12th January So the party has to pay nearly 300000.00 for the month of December whether we can take ITC fully or pay tax.Kindly advice me

Replies (4)

Quick Summary

This discussion addresses a common GSTR-3B query regarding Input Tax Credit (ITC) when a supplier files their GSTR-1 after the due date. The user has a discrepancy between auto-populated ITC and actual ITC available. Advice suggests that according to rule 36(4), ITC can only be claimed if the supplier has filed their GSTR-1 by the due date. Therefore, it's recommended to pay the tax in cash for December and wait until January 20th to check the updated auto-populated ITC, which should then include the late-filed return.

S P

102 Points Posted on 17 January 2021

According to rule 36(4) we can avail itc only if the supplier filed the gstr1 with in due date. so it is advised not to take itc and pay the tax in cash