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Input Tax Credit
If the supplier filed August GSTR 1 after the due date but the before September GSTR 1 due date. Now my question is whether the buyer has to reverse the input and again take it as September input.
Replies (11)
Yes, you can take ITC in September month return
Whether I have to reverse input if I have taken input in the month of August'20
What is the invoice date?
It is of August
No need to reverse ITC
Can you elaborate your question more clearly
But I have seen one video on Clarification on 36(4) he told that we have to reverse it and again claim it
Not required to reverse ITC
You can ITC upto 110%
You can ITC upto 110%
NO NEED TO REVERSE ITC and no need to claimed again....
If the ITC was claimed in August GSTR1 and it was under the provisional ITC of 10% then you need to not reverse it
If the ITC was claimed in August GSTR1 and it was under the provisional ITC of 10% then you need to not reverse it
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