Ad free CAclubindia and daily updates on your mobile. Subscribe Now!

Capital input not taken

13 December 2019

If Capital goods input credit not taken then input amount (i.e. not taken ) GSTR3B can mentioned?
If mentioned where i can mention in gstr3b column.

Reply
Follow
Share

13 Replies

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 13 December 2019

Not taken means "Are You missed" or "Don't want to claim "
which ine

Upgrade to CAclubindia Pro. Subscribe Now!

TARUN DAS (170 Points)
Replied 13 December 2019

Don't want claim it input tax credit

SOHAN LAL (Manger Accounts & Finance) (363 Points)
Replied 13 December 2019

If you don't want take ITC then no any requirement in showing GSTR3B.

Shivam RC (Student) (23683 Points)
Replied 13 December 2019

Not required to show it in GSTR-3B

1 Like

Rajamahendra Varma M.B.A.,LL.B (Advocate and GST Practitioner) (245 Points)
Replied 14 December 2019

If it is reflecting in your 2A, then reverse in 3B. otherwise no need to show in 3B.

Upgrade to CAclubindia Pro. Subscribe Now!

Gokul Sharma (jamshedpur) (4084 Points)
Replied 14 December 2019

If it's reflecting in 2a...ignore it
donot show in gstr 3b
show as ineligible in annual return

1 Like

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 14 December 2019

Reverse the ITC of You don't want claim...

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 14 December 2019

If it's reflected in 2A , then you must report the same Under Reversal table 4(d)(2).

1 Like

prasad Nilugal ( GST Practitioner & Accounts ) (14663 Points)
Replied 14 December 2019

@ Pankaj

If we received Invoice late .for i.e ,Invoice for the month of April received in July ,so can we show in July GSTR3B in table 4(d)(2) Ineligible ITC ? or what is time limit ,CGST act section reference .please reply

TARUN DAS (170 Points)
Replied 14 December 2019

If ineligible ITC wrongly Input credit taken then how can reverse 4 (d) 2 column and if damage stock or employee welfare expenses how can reverse

Upgrade to CAclubindia Pro. Subscribe Now!

Madhav jha (40 Points)
Replied 15 December 2019

Show it in ineligible credit in GSTR-3B

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 15 December 2019

Dear Prasad Niugal
Yes you can........
As in particular case the Taxpayer has not avail the ITC & just to setoff the excess ITC being reflected in 2A .

as per Section 16(3) where the taxpayer has claimed the depreciation on Tax component of the cost of capital goods, the ITC shall not be allowed.

Hence , even though if the Taxpayer not reverse the same , it hardly matter. Infact the taxpayer should always ask for B2C invoice on which ITC not be claimed