Menu
ITC reflected in GSTR-2A but 3B not filed by vendor
please advice ,if the invoices are reflected in GSTR-2A but not filed 3B by vendor.we are eligible to take ITC and no any exposure
Replies (6)
Quick Summary
You can't take ITC based 2A but you should consider based on GSTR2B
As per section 16(2) of the CGST Act, Supplier must pay the GST by filling GSTR3B to Govt Account to claim input tax credit. also Invoices should reflect in GSTR2B.
Sorry above the words GSTR-2a instead of GSTr 2b
2A AND 2B HAS DIFFERENT IMPLICATIONS.
As per section 41(2), a registered person is required to reverse the tax along with interest, if the same is not paid by the supplier.However, the same can be reavailed without any time limit to reavail it if the same is paid by the supplier. In this regard, Rule 37A is inserted vide notification No. 26/2022 –(Central Tax) dated December 26, 2022 which provides that registered person is required to reverse the tax if the supplier has not filed his GSTR-3B return till 30th September of the next f.y
You need to ensure filing of GSTR 3B by your vendors to avail ITC.
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
