Amol Patil (24 Points)
20 January 2022I have filled GSTR 1 on 11/01/2022. My Tax is approx. 50K. My supplier has not filled his GSTR 1 so i am unable to use ITC which is around 55K. Now he is saying he will file GSTR 1 in Feb 2022.
So my question is can i use ITC of Feb 2022 to pay the Tax of Jan 2022 which is 50K? or i have to pay take Tax then only i can avail the ITC in Feb 2022?
It's urgent. Thank you in advance.
Murali T
(Manager Compliance)
(33 Points)
Replied 20 January 2022
Supplier invoice belongs to Jan 22? If yes, supplier will file GSTR1 in the month of Feb 22 only.
Now you need to pay your tax liability.
Amol Patil
(24 Points)
Replied 20 January 2022
Supplier Invoice belongs to December 2021 and My Sales Invoice also of December 2021
Murali T
(Manager Compliance)
(33 Points)
Replied 20 January 2022
In that case you need to pay tax liability, then you can avail ITC next month once vendor filed GSTR1 on or before 10th Feb 22
Amol Patil
(24 Points)
Replied 20 January 2022
If i don't file 3B in Jan 2022 and i file 3B in Feb 2022 after supplier files his GSTR 1. Will that help?
I have no problem to pay Late fine of approx 1500.
vidyasagar tiwari
(4 Points)
Replied 20 January 2022
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 21 January 2022
CAclubindia
