IF :>>>>>>>>
Buyer Filed GSTR- 3B ( as per Manual Calculation ) 0n 15/5 ---
And
Supplier Filed GSTR-1 on 25/5
Question: There is any Problem / Show Cause Matter will be Raised by GST Authority ????
Please Reply,,,, thanks
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Time difference Between GSTR-1 and GSTR-3B submission by Supplier and Buyer
Replies (4)
There will be difference in the ITC Claimed and ITC as per GSTR 2B because Supplier filed GSTR 1 after the due date.
That ITC will be added in GSTR 2B in next month. Therefore, it is advisable to claim ITC of the supplier in next month i.e., May month return.
However, the total ITC that can be claimed in GSTR 3B is 105% of the eligible ITC appearing in the GSTR 2B of a particular period.
No issues, If the supplier ITC is under 5% of the total ITC claimed.
At the time of your gstr 3b , your supplier has not filed gstr1.. it means whatever credit you have availed at that time it was not elligible.. 10 days interest on the said transaction is applicable here.
Buyer/Seller may filed gstr 3B and gstr 1 in timly because outward supply will b autopopulated by gstr1 in gstr2B.
In 3B Itc may claimed for previous month as full or payment base or invoice available base with 5% of current month available in gstr 2B.
In 3B Itc may claimed for previous month as full or payment base or invoice available base with 5% of current month available in gstr 2B.
In such case supplier will have to pay interest and penalty whereas buyer can claim the Input tax credit (ITC). No Show cause notice will be issued to buyer.
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