A registered dealer itc claim taken as per gstr2b based gstr3b return filed every month.some of our vendors some times invoice filed cutt of date 20th date invoice filed.but dealer itc claim not taken same month itc claim loss tax pay through on cash ledger.
Question:
Dealer itc claim loss problem any remedy.
DEAR SIR
TAKE THE MISSING FILED INVOICES IN THE NEXT MONTH AND CLAIM ITC FORM YOUR END PAY THE BALANCE GST IN CASH
AS YOU CAN TAKE 6 MONTH OLD INVOICES IN THE PROCEEDING MONTH.
Quarterly vendor usually give input at quarter-end GSTR-1 like June-22, Sep-22. (They have option to also file 1st Month and 2nd Month return to give input on time but 99% do not do that). Last date for quarterly-filer-ITC update in your GSTR-2B is 13th of next month. Last date for monthly-filer-ITC update in your GSTR-2B is 11th of next month.
Nevertheless, you should NEVER claim ITC which is not appearing in your GSTR-2B. Even if vendor filed late GSTR-1, claim it next month when it shows late in next month. Department is giving notices asking assessees to explain why ITC mismatch in GSTR-2B versus claim in your GSTR-3B.
JOIN LARGEST DISCUSSION PLATFORM
Sign up to discuss taxation, accounting and finance topics with experts from all over India.
Join Discussion
