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TAKEN OF ITC CLAIM
The whole ITC as per invoices for the year 2017-2018 did not appear in GSTR2A.Can it take whole ITC as per invoices under custody.
Replies (9)
Sir, it is so because your supplier has not shown it in his GST Return or not filed his return, you can take ITC on the basis of Invoice but ask your supplier to update it ASAP as, it is like DVAT, you have to match your purchase with supplier sales otherwise you may have to pay this ITC amount taken.
Agree with Mr. Ankit.
You can take ITC and ask your vendor to update the same in GST-1.
However if the vendor denies to do the same, you will have to reverse the ITC which has been claimed
You can take ITC and ask your vendor to update the same in GST-1.
However if the vendor denies to do the same, you will have to reverse the ITC which has been claimed
and in order to claim ITC, one of the condition as per section 16 is that the payment of tax to the credit of the government collected by the supplier is mandatory. If the supplier has not deposited the same then you may have to reverse the ITC as said by Ankit ji and Sahil ji.
Also note that you will have to reverse the ITC along with interest
if the payment done by a supplier and he entered in b2c in that case
It need to be revised in current GSTR-1
Need to be revised in current GSTR1 give more clarification.
"It need to be revised in current GSTR-1"
Please ignore this post, I have posted it somewhere else but it posted here due to some error. This post is not meant for this query.
Please ignore this post, I have posted it somewhere else but it posted here due to some error. This post is not meant for this query.
Sir,
Please provide me suitable entry to reverse the ITC in books becuase my supplier has yet not filed the returns.
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