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ITC on QRMP Purchases
How to claim ITC on purchase made from the dealer who is filing his quarterly return. Because He will file his GST R1 after 3 month.???
Replies (7)
Quick Summary
Itc will be available when it's shows in 2b, that's mean you can take that itc when he file the return i.e in 3rd month
Yes agree with above
When your ITC is shown in GSTR 2B , then you can claim
The quarterly return filer can file IFF monthly and thus can shown his invoices monthly. You should communicate with your quarterly supplier regarding this.
Filing IFF is optional
You may avail ITC in the subsequent month only if the supplier has filed IFF (which is optional), otherwise ITC can be availed only after the supplier files quarterly GSTR1.
Ask him to file IFF before due date, the same will get reflected in your 2B .
Note : The QRMP scheme holder can file monthly IFF but the limit in value for the same is 50 lac
Note : The QRMP scheme holder can file monthly IFF but the limit in value for the same is 50 lac
You can ask such dealer to use IFF and upload sales monthly. You will be able to take ITC in the specific month also if supplier is doing this
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