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ITC Claim

suresh (Accounts executive) (108 Points)

16 October 2018

I have claimed ITC as per purchase invoice for fy 17-18, but many of my suppliers not filed GSTR1 and few suppliers filed GSTR1 but not reflect in GSTR 2A. What I do in this case shall I reverse ITC? pls suggest me.

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6 Replies

VIKAS SAINI (1167 Points)
Replied 16 October 2018

Suresh ji firstly kindly call to supplier for filling there gstr1 return properly. If he don't file it then pls make the debit note. And reverse the inputs accordingly

Pankaj Rawat (GST Practitioner) (55062 Points)
Replied 16 October 2018

No... no need to Reverse the ITC , if you havwe the Tax Invoice & you have reced. the goods ,you can claim ITC .

Yes definitely ask your supplier to file the return.

2 Like

Vinod Babu (24196 Points)
Replied 16 October 2018

wait till 31 October, every tax payer will file gstr1 by this date. after this you can check it in your 2A whether it is reflected or not.

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Pankaj Rawat (GST Practitioner) (55062 Points)
Replied 16 October 2018

YES AGREE WITH VINOD JI BUT FOR THAT YOU HAVE TO WAIT FOR 31/10/2018 & HAVE TO FILE YOUR GSTR 3B AFTER THAT BECAUSE ANY ADJUSTMENT FOR FY 2017-18 IS TO BE DONE BY SEPT-18 3B ELSE CANT BE ABLE CALIM ITC (AS PER SECTION 16(4)CGST ACT)