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When to claim ITC

30 June 2021

What is the difference between GSTR2A and GSTR2B? I know that they are auto-loaded from the data of GSTR1 filed. Our purchase invoices sometimes appear in GSTR2B but not in 2A. When to claim ITC? When invoices appear in GSTR2A or GSTR2B?

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7 Replies

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 30 June 2021

In GSTR-2A the invoices will be auto populated from the corresponding month's GSTR-1.
In GSTR-2B invoices are uploaded from the corresponding month's GSTR-1 if it is filed by 11th otherwise it will show in the next month's GSTR-2B.

Shankar Sharma (505 Points)
Replied 30 June 2021

@ Mr. Zafar

What is important to claim ITC? Should we claim ITC only after the purchase invoices appear in GSTR2B?

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 30 June 2021

Yes its better to compare with GSTR-2B. Gives you better control over reconciliations

CMA Poornima Madhava (CMA) (13097 Points)
Replied 30 June 2021

@ Shankar,

For Apr and May, you may claim ITC based on invoices. For June, max ITC that can be claimed is 105% of GSTR2B (to be cumulatively applied from Apr to Jun21).

In general, 105% of value as per GSTR2B can be claimed as ITC as per rule 36(4).

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 30 June 2021

Yes you can claim ITC by GSTR 2A also but need to deposit Interest on invoices not be reflected by due date.

So it's better to claim ITC by 2B .

Sateesh Kumar (199 Points)
Replied 01 July 2021

Purchase bill stock alredy sales but how can claim in next month stock position negetive view how ????

Shankar Sharma (505 Points)
Replied 02 July 2021

@ Sateesh Kumar

I think you can maintain your books - sales, stock and purchse registers normal way. Probably month wise. But you need to claim ITC only after your supplyer files Gstr 1 and it appears in your Gstr 2 b. It is only fair that govt can give you Itc only after getting the gst from your supplyer. We register purchase bills as and when we receive. But we have a column in the pur register to enter the month in which we claim ITc.