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ITC related issues

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Naveen Kumar

629 Points Posted on 21 March 2021

Sir,

I have claimed ITC as per invoice date suppose invoice date 11 September 2020. I have claimed same ITC in September 2020,s return. but 2A not reflect the invoice it reflect in February 2021,s month. so can I face any issue from department because we Claim the ITC in September month but it reflect in 2A in Feb 21

Replies (2)

Quick Summary

This discussion addresses a common GST query regarding claiming Input Tax Credit (ITC) before it reflects in GSTR-2A. While claiming ITC based on invoice date is generally permissible, the department may demand interest if your case is selected for scrutiny. It's crucial to be aware of Rule 36(4) limits, which restrict ITC claims to a percentage of the amount reflected in GSTR-2A, varying from 110% until December 2020 and 105% thereafter.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 21 March 2021

As such no....... but if your case is selected for scrunity the interest can be demanded by department on same.

Note : Moreover as per Rule 36(4)till December 20 you can claim 110% of eligible ITC reflected in your 2A , & from January onward it is 105% .