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Supplier file GSTR 1Late

18 January 2021

Dear Sir,

We have purchased goods from Supplier in the month of September 2020 in same month we have claimed The ITC as per bill. but my supplier has filed his return in December month please suggest can I face any issue because I claimed the ITC in September but ITC reflect in my 2A in December.

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7 Replies

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 19 January 2021

Firstly check the date of Invoice. If date of Invoice is from Sept 2020, then nothing to do.

But if the date is from Dec, then you have to pay interest on such ITC.

S P (102 Points)
Replied 19 January 2021

Interest is applicable only if the said credit was utilised .
That is if your credit balance is high than the credit wrongly availed, then no interest would be applicable

1 Like

Naveen Kumar (629 Points)
Replied 19 January 2021

Dear Madam
invoice date 30 September 2020

1 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 19 January 2021

No need to do anything. You can claim such ITC .

1 Like

Naveen Kumar (629 Points)
Replied 19 January 2021

Thank you Madam

1 Like

Krishna Chaudhary (Accountant) (4531 Points)
Replied 19 January 2021

You can claim such ITC. for claiming any ITC there is a fixed period allowed under GST act that is is within 6 months from the end up respective financial year ir are up to the date of filing annual return whichever is earlier.

hence you can claim ITC of September month up to 20 October of next year.

3 Like