SHOULD I CLAIM ITC WHICH IS NOT MATCHED WITH GSTR2A

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
Replies (3)
Quick Summary
This discussion addresses the crucial issue of claiming Input Tax Credit (ITC) for invoices not appearing in your GSTR2A. New regulations limit claims to 10% beyond the GSTR2A amount, with excess claims potentially leading to blocked credit and interest penalties. The advice given is to claim the unmatched ITC before the September 2020 deadline to prevent it from lapsing, provided the provisional ITC adheres to the specified rules.

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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