As per new notofication issued by CBIC only 10% beyond the ITC available in gstr2A can be claimed if one claim excess ITC as available in gstr2A will be blocked so should I claim ITC for bills which are not showing in my gstr2A for fy 2019-20 in fy 2020-20 upto the sep month GSTR3B return otherwise ITC will be lapsed
please reply
Menu
SHOULD I CLAIM ITC WHICH IS NOT MATCHED WITH GSTR2A
Replies (3)
If you claim more credit than 10% beyond ITC available in GSTR 2A, then you will receive notice u/s 36(4) for claiming excess credit & they will insist you to pay with interest.
Sir if I don't claim my unmatched ITC as per GSTR2A upto the sep 2020 month GSTR3B return then it will be lapsed , should I let it lapse
Yes you should claim but the provisional ITC should not exceed the given rules
Recent Topic
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
Related Topics
CAclubindia
