chaitanya (Student CA Final ) (21 Points)
22 February 2021Hi to all,
we are reversing ITC due to non-payment within 180 days to our suppliers and the same is shown in GSTR -3B under table 4(B) ITC reversed Others. My query is where should we present in GSTR 3B for re-availing of ITC after payment made to suppliers. if I kept those figures in table 4(A) ITC available in all other ITC, then that row is marked in red color as it exceeds ITC in my GSTR 2A.
prasad Nilugal
( GST Practitioner & Accounts )
(14880 Points)
Replied 22 February 2021
1) Showing Red because of ITC not reflected in GSTR 2B ,after filing of GSTR1 by the supplier same will reflect in GSTR2A / GSTR2B . Check he has Filed GSTR1 or not ?.
2) Also you have to fulfill all Conditions in Section 16(2) of the CGST act for availing ITC
3) Same ITC should not be under blocked Credit as per section 17(5) of the CGST act .
CAclubindia
