Short imput in GSTR-2B

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Accountant
305 Points Posted on 20 November 2021

Dear Experts.

We are an importer of hardware items .We import every month a huge quantity of goods .

As per BE we are taking input IGST in our books but every month there is a lot of difference between our input figure and 2B input figure due to non transfer of input by customs department .Out of 15 import we are getting only 5-6 credit , so every month we are reducing the amount and carry forward to next month like way.

Say this oct -21 we have a credit of 95 Lacs as per this month's total BE but in 2B it is showing 21 Lacs credit , if we take 95 lacs then it is against the input rule ( can take upto 5% more ) .So we are taking nearabout 21 lacs input and remaining carryforward to next month and same way like that.

If there is any rule for taking full credit of IGST as per BE even though it is not appeared in 2B ?

Waiting for your advice 

Thanks

Gupta

 

 

 

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On 20 November 2021 at 12:42 Report
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Quick Summary
This discussion addresses a common issue faced by hardware importers: discrepancies between the IGST paid on imported goods (as per Bill of Entry) and the input tax credit reflected in GSTR-2B. The user is unable to claim the full IGST credit due to non-reflection in GSTR-2B, leading to significant carry-forwards. Experts advise claiming the full IGST credit as per the Bill of Entry for imports, as GST is already paid at the time of import and the Bill of Entry serves as proof. While there's no official notification explicitly stating this, the consensus is that GSTR-2B should not be strictly followed for imports in such cases, and any potential GST notices can be addressed by showing proof of RCM payment.

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Employee Private
1913 Points Posted on 20 November 2021
Try Search BOE option in your Services menu of GST portal for such BOEs or not reflecting in your 2A/ 2B.
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On 20 November 2021 at 16:13
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Accountant
305 Points Posted on 20 November 2021

Hi Mr. Rajendra

That option also tried but no effect .

Someone from GST department told me that you can take input as per BOE - but not found any official notification for this .

If you have please share here 

Thanks 

Regards

Gupta

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On 20 November 2021 at 17:34
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GST Consultant
15986 Points Posted on 20 November 2021

Take ITC as per Bill of Entries for imports. Don't follow GSTR-2B for imports since you have already paid GST while importing and have a solid proof in the form of BOE. 

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On 20 November 2021 at 18:32
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Accountant
305 Points Posted on 21 November 2021

Thank you Mr. Zafar .

Any notice will come from GST department for this reason ?

Regards

Gupta

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On 21 November 2021 at 10:30
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GST Consultant
15986 Points Posted on 21 November 2021

Most probably no. But if it comes you can say that taxes have already paid on rcm.

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On 21 November 2021 at 13:21

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