Itc variance

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Kkk
1204 Points Posted on 18 December 2020
if itc booked is higher then auto populated detail of itc in 3b then can we book higher itc as per books or purchase.plz clerify
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On 18 December 2020 at 18:12 Report
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Quick Summary
This discussion clarifies the implications of claiming Input Tax Credit (ITC) in your GSTR 3B that is higher than the auto-populated details. While you can book ITC as per your books, be aware of potential notices for violating Rule 36(4). However, if you possess valid invoices, you should have no issues, even if you receive a notice.

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Part time lecture
32 Points Posted on 18 December 2020
Answer pl1
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On 18 December 2020 at 22:32
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Accountant
3662 Points Posted on 19 December 2020
No....
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On 19 December 2020 at 01:00
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QUALIFIED CHARTERED ACCOUNTANT
613 Points Posted on 19 December 2020

Yes, you can file GSTR 3b as per book ITC. However, you can get GST notice for violation of rule 36(4). But if assessee have proper invoice then no issues will be there.

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On 19 December 2020 at 01:02
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Kkk
1204 Points Posted on 19 December 2020
But if he gets unneccesary notice then it will be harrasment even he is right in booking the itc as per books
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On 19 December 2020 at 13:00

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