ITC credit after implementation of GSTR-2B

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41 Points Posted on 30 August 2020
Introduction of GSTR-2B on portal, will it be a good practice of taking ITC once recipient invoice appearing in GSTR-2B or to be availed immediately upon receipt of goods & tax invoice which we are doing currently.
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On 30 August 2020 at 21:18 Report
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With the introduction of GSTR-2B, businesses are questioning the optimal time to claim Input Tax Credit (ITC). This discussion explores whether to claim ITC once an invoice appears in GSTR-2B or immediately upon receiving goods and the tax invoice. It also considers how quarterly filers can manage their ITC claims effectively.

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217 Points Posted on 30 August 2020
For current scenario, old practice is good to follow
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On 30 August 2020 at 22:36
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Accountant
66 Points Posted on 01 September 2020
If somebody files quarterly basis how can we consider that ITC ? can we claim or not ?
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On 01 September 2020 at 23:10

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