Can we take ITC if GSTR-1 filed on 12th of month
This query is : Resolved
16 April 2021
Dear Sir
Our company turnover is more than 5 crore. we filed GSTR-1 on 10th of every month but in march we filed GSTR-1 on 12th march.
can our vendor take input of these bill in march?
is these bills show in our vendor GSTR-2B?
Our company turnover is more than 5 crore. we filed GSTR-1 on 10th of every month but in march we filed GSTR-1 on 12th march.
can our vendor take input of these bill in march?
is these bills show in our vendor GSTR-2B?
16 April 2021
It will be shown in GSTR 2A. Your vendor can take credit in March filings.
16 April 2021
These bills won't get showed in 2B. but they will be showing in 2A
Message likes :
1 times
19 April 2021
As per New Changes in the Law , ITC Eligible is restricted to ITC Reflected in GSTR 2B , Therefore whatever reflected in GSTR 2B only can be claimed. Because Person Opted or liable to file Monthly GSTR 1 cut off dates is 11th of succeeding month & for Person Filing IFF cut off date is 13th of succeeding Month.
Therefore
Date of Filing depends on whether you are Monthly Filer or under QRMP Scheme
Therefore
Date of Filing depends on whether you are Monthly Filer or under QRMP Scheme
19 April 2021
No, ITC shown in 2A can be claimed.
19 April 2021
Hello Sir,
I am not denying that ITC as per GSTR 2A cannot be claimed but GSTR 2A get updated each day & as per GST Law ITC can be claimed as per GSTR 2A as on 11th Day of succeeding month & Due Date for GSTR 1 Monthly Filers is 11th & for Dealers opting for QRMP Scheme is 13th of succeeding month.
So incase if you go as per GSTR 2A you cannot ascertain which dealer is under Monthly Scheme and which in Under QRMP scheme.
Whereas GSTR 2B is static report which automatically filters down the Monthly Filer & QRMP Dealer & based on the date of filing it reflects in your GSTR 2B, which make the working simple.
I am not denying that ITC as per GSTR 2A cannot be claimed but GSTR 2A get updated each day & as per GST Law ITC can be claimed as per GSTR 2A as on 11th Day of succeeding month & Due Date for GSTR 1 Monthly Filers is 11th & for Dealers opting for QRMP Scheme is 13th of succeeding month.
So incase if you go as per GSTR 2A you cannot ascertain which dealer is under Monthly Scheme and which in Under QRMP scheme.
Whereas GSTR 2B is static report which automatically filters down the Monthly Filer & QRMP Dealer & based on the date of filing it reflects in your GSTR 2B, which make the working simple.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- PAYMENT NOT SEND IN 180 DAYS
- Long term Capital gains received on sale of Residential Plot of land 10 years after buying it
- RCM INVOICING FROM NOV-2024
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
