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New GST circular 20% excess of the purchase ITC Input

19 November 2019

1.AS per new GST rules its said that we can claim only the bills uploaded on 10th of the months so how would be the situation if the purchase pary is engaged in quaterly scheme .(As per circular no.123/42/2019-GST)
2. What for the Bills uploaded in GSTR1 after 10th of the month as its said we can claim input of the bill uploaded till 10th of the month what if the party has filed late GSTR1.

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6 Replies

Gandhi Parth (18 Points)
Replied 19 November 2019

Sir what is the solution to explain the client abt it ,they are asking for other solution

Hitesh rawal (402 Points)
Replied 19 November 2019

I did this query for the solution only.

sabyasachi mukherjee (26057 Points)
Replied 20 November 2019

Hitesh after 10th obviously next quarter...

Hitesh rawal (402 Points)
Replied 23 November 2019

Thank you sabyasachiji but is their any alternate solution because many of the monthly filers to dont submit with 10 and also quaterly is big problem.

Sneha Latha (Paid Assistant) (89 Points)
Replied 25 November 2019

As per Rule 59 of CGST Rules, 2017, GSTR-1 is required to be furnished u/s 37(1) of the CGST Act. As per notification no. 57/2017 Central Tax dated 15-11-2017, specified class of registered persons have the facility to file GSTR-1 on quarterly basis. Hence, filing of GSTR-1 on quarterly basis would also be in terms of section 37(1) only, as required under rule 36(4). Hence ITC can be claimed on monthly basis even though such invoices uploaded on quarterly basis by the suppliers. However, if the quarterly filers fail to upload invoices by the due date, then there would be non-compliance of rule 36(4).

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ASHU (ACOUNTANT) (68 Points)
Replied 25 November 2019

I'm not sure but In case any supplier not file their GSTR1 on time, So you cannot Eligible to take input against the Supplier Invoice. The Final Input you will taken from GSTR 2A.