Dear Experts,
Please tell me what itc will be taken in gstr-3b november 2020 return (auto populated itc or books of accounts itc) bbecause there is s big difference in itc.
2 Replies
madhu v rathod
(13 Points)
Replied 19 December 2020
Auto populated 3B take whatever filed in the concerned period till 11th of that perticular period like if dealer files it's R1 of sep in Nov it shows in 2B and same will be auto populated in Nov month 3B what if the other party already claimed in sep returns and also if the seller file R1 after 12th of previous month it also taken in current month returns so this creates lots of confusion regarding itc available to claim as some Dealers file R1 quarterly
Mohanraj J
(1178 Points)
Replied 20 December 2020
Good Evening. Our company's actual ITC is 3 Lakh. But, in 2A its about 1.5 Lakh only. Pls refer my points and assist me accordingly;
Nov Actual ITC 3.0 Lakh as per Accounts book.
In 2A ; 2.0 Lakh ( It includes prior month ITC too, supplier returns quarterly or delayed.)
in 2B ; 1.5 Lakh.
I am not able to edit and put correct figures in 3B. Also, differences in RCM too.
Nov Actual ITC 3.0 Lakh as per Accounts book.
In 2A ; 2.0 Lakh ( It includes prior month ITC too, supplier returns quarterly or delayed.)
in 2B ; 1.5 Lakh.
I am not able to edit and put correct figures in 3B. Also, differences in RCM too.
Recent Topics
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
Related Threads
CAclubindia
