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
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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
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