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Gst credits in gstr3b vs gstr 2 for july17

Balaji (none) (26 Points)

07 September 2017

The credits appearing in GSTR2 as filed by suppliers (Filed in GSTR1) are more than Credit utilised for the month of July17 as submitted in GSTR3B.This might be due to unaccounted invoices for the month of July17 which are being received after filing of GSTR3B.

What do we need to do now while approving in GSTR2? Whether all the credits can be accepted and excess credit would be reflected in credit ledger?

We have not received many Invoices.How to approve the transaction without knowing the bill and GST value?

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5 Replies

Lalbiaktluanga Hmar (2 Points)
Replied 07 September 2017

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g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 10 September 2017

Yes all the credits should be accepted if it matches your purchases record the excess credit will be reflected in your credit ledger

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 10 September 2017

Yes all the credits should be accepted if it matches your purchases record the excess credit will be reflected in your credit ledger

Balaji (none) (26 Points)
Replied 12 September 2017

What about the cases where I have not received the invoice and yet to account in the books? Can I accept the credit without making the entry in the books?