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Regarding ITC


mdhussain 2603   05 October 2020

mdhussain 2603

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sir I claim my ITC as per 2A or 2B??
prasad Nilugal

prasad Nilugal   05 October 2020

prasad Nilugal

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As per section 16(2) of the CGST act 2017 you have fulfill following conditions to claim ITC .
1. you must have valid GST Tax Invoice with correct GSTN of supplier .
2.you must receive Goods or Services
3. Your supplier should pay the tax to GOVT account collected from you
4. you should file return

In addition to above If it reflects in GSTR2A and 2B you can claim ITC , but as per act you have to fulfill above conditions and.same ITC should not be under block credit under section 17(5) of the CGST act 2017 .
Sagar Patel

Sagar Patel (Tax and Business Consultant)     05 October 2020

Sagar Patel
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As on date check GSTR 2A only...to claim ITC
prasad Nilugal

prasad Nilugal   05 October 2020

prasad Nilugal

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It is not written any where in the CGST act 2017 , that , you have claim ITC if it is reflects in GSTR 2A or GSTR 2B , however it's confirmation for us that supplier has filed GSTR1
Sagar Patel

Sagar Patel (Tax and Business Consultant)     05 October 2020

Sagar Patel
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@ prasad Nilugal ji
As per Law, we have to check that Suppliers filed GSTR 1 or not. we can check that from both i.e GSTR 2A and 2B...
but it's debatable issue
even GSTR 2A is also debatable..
what if my all Supplies is filing Quarterlly return ?....(Not able to take ITC for 4 month's !!!!)
prasad Nilugal

prasad Nilugal   05 October 2020

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Yes , Dear Sagar your point is also important .
mdhussain 2603

mdhussain 2603   11 October 2020

mdhussain 2603

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If supplier file GSTR 1 after due date
than how to collect ITC.
Bhavika Kothari

Bhavika Kothari (CA)     26 October 2020

Bhavika Kothari
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Your ITC will be based on GSTR-2B. But as you know there is a provision to take additional 10% of provisional ITC. This additional 10% can be taken from GSTR-2A


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