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Rejection of ITC

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subhagan sreerangam

5046 Points Posted on 13 December 2021

The suppliers have uploaded th
e sales invoices for the financial year 2018-19 as per their GST1 return.
The ITC of those invoices is reflected in my GSTR2A.

All those invoices have been recorded in my Book of Accounts and ITC Claim has been taken.
Those invoices are lost from me

Is it fair for GST authorities to deny ITC because I do not have an invoice?

Replies (2)

Quick Summary

A business owner is seeking clarification on whether GST authorities can deny Input Tax Credit (ITC) for sales invoices from FY 2018-19 that have been lost, despite the ITC appearing in their GSTR2A and being recorded in their books. The consensus is that possession of the original invoice is a legal requirement for claiming ITC, and therefore, lost invoices generally mean ITC cannot be availed. Obtaining duplicate copies from suppliers is advised.

CMA Poornima Madhava

CMA

9106 Points Posted on 13 December 2021

It is not fair because though gstr2b is not as per law, yet the dept is denying itc if the transaction is not in gstr2b.

But as per cgst act, one of the conditions to claim ITC is to have invoice. If you don't have, ITC can't be availed. See if you can obtain duplicate copies from the supplier.