Most often facing a strange situation during matching of purchase invoice as per books of accounts with GST R - 2A where we found some invoices already in GST R 2A but those invoices not existing physically in our hands...
Could not make out what to do..
1. Are we eligible to claim credit as per GSTR -2A?
2. Or else it needs to forgo.
If someone faced similar kind of situation please share your views....
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ITC on GST
Replies (3)
No. You can not avail itc unless you met the condition specified u/s 16(2) of cgst act.. the basic condition is that, you must have received tax Invoice and received goods/ Services from supplier, in order to avail itc.. so you can't avail itc based on GSTR-2A..
1. Yes... You can claim ITC for the bills showing in GSTR 2A. But, Before check Your purchase details it's purchase.
In case it's not Your purchase bills then You fall under Interest and reverse the Tax amount.
So, Better to confirm the details with Your supplier and Ask the Invoice...
In case it's not Your purchase bills then You fall under Interest and reverse the Tax amount.
So, Better to confirm the details with Your supplier and Ask the Invoice...
Thanks for update...
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