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GST monthly Vs quarterly -GSTR-2A ITC issue

Eswar Reddy S (CFO- at NHTF) (58270 Points)

28 February 2020

This is another practical issue .Iam bringing it to the CCI plat form..

If a seller file GSTR-1 quarterly and buyer file monthly then buyer face problem in claiming ITC.

Many times buyer complained about not received ITC/ not reflecting in GSTR-2A even after three months execept for the month which ends with the quarter.
Everytime the buyer release the payment the tell about non reflection in GSTR-2A and they ask for screen shots.After sending screenshot s only they are releasing payment.

It seems it is not autopopulated..

Express your opinions .It is a debatable issue

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12 Replies

Manohar Pawar (83 Points)
Replied 29 February 2020

You can file monthly return. only 1st April you can shift qtr to monthly

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NARENDRA (ACCOUNTS MANAGER) (1994 Points)
Replied 29 February 2020

Yes you are right eswar reddy ji.......... every one is facing such problem........

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 29 February 2020

@ Manohar-Think from buyer/service receiver point of view since he is going through troubles.

Service recipient is filing on monthly basis only.

The service recipient doesn't get ITC till the seller files GSTR-1.

So GSTR-2A reflects ITC after filing GSTR-1 by service provider.

Another trouble-we can't claim ITC based on invoice not more than 10% as per new rules.If you claim ITC based GSTR-2A then only there won't be any issue

CA Surya Sekar (CFO ) (1347 Points)
Replied 01 March 2020

Hello Mr.Eswar Reddy Hi,

I was about to post this query buy didt.

Recepient of supply would get ITC through 2A only after three months.This is actually temporary loss .

Due to many practical frauds, ITC is restricted.Even supplier pay GST it doesn't matter ,they must file GSTR-1..

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 01 March 2020

But atleast they should consider small tax payers under GST

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CA Surya Sekar (CFO ) (1347 Points)
Replied 01 March 2020

They will do it in few months

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 01 March 2020

Then We must suffer

CA Surya Sekar (CFO ) (1347 Points)
Replied 01 March 2020

Yes.People have to suffer since there is no penalty for this kind of inefficies.

Its our hard earned money in business.We must pay tax but again there is interest and penalties for delay.But there is no such interest & penalty on govt for any delays and wrong provisions

CA Surya Sekar (CFO ) (1347 Points)
Replied 01 March 2020

GST monthly Vs quarterly -GSTR-2A ITC issue:This can also be resolved by making filing monthly and removing quarterly filing

CA Surya Sekar (CFO ) (1347 Points)
Replied 02 March 2020

Else it may get resolved from E-invoice

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Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 03 March 2020

But when GSTR-1 filing is quarterly say Oct to Dec.

All invoices are accounting in December but GST paid monthly and filed GSTR-3B monthly.

That means dept is expecting reconciliation.

NITIN KAREKAR (32 Points)
Replied 05 April 2020

Hello everyone,
I am selling x products to y but filing GST quarterly so because of this buyer unable to see my invoice on 2a so he is debiting GST amount from my invoice.
and even I am planning convert from quarterly to monthly in coming year.
but during I am paying GST amount from my pocket I am small trader it's blocking my working capital.
pls share your opinion?