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ITC GSTR2A

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kumar

student

248 Points Posted on 17 July 2020

can I claim all the itc that shows in GSTR 2A (including capital exp and all the stock- in -trade )??

Replies (5)

Quick Summary

You can claim all Input Tax Credit (ITC) that appears in your GSTR 2A, provided it relates to your business activities and you possess valid invoices. This includes capital expenditures and stock-in-trade. However, if the ITC is for common use (both taxable and exempt supplies), you can only claim the portion attributable to taxable supplies, adhering strictly to GST rules.

RAJA P M

"Do the Right Thing...!!!"

128157 Points Posted on 17 July 2020

If all the ITC is related to Your business and You have invoices as per GST then You can claim...

***must be stand as per ITC rules.

kumar

student

248 Points Posted on 17 July 2020

Thank u sir

annu Goyal

1102 Points Posted on 17 July 2020

Yes, You can claim all ITC as shown in GSTR 2A but condition is it must be related with your business and should be used for taxable supply, in case there is common ITC (which applies on exempt as well as taxable )then ITC can be claim only for taxable supply proportionate.