which itc show in Gstr 3b like as per its show in 2A or itc show in 2b.
what is diff between itc 2a and 2b.
ITC show as per 2B
if supplier filed their GSTR 1 after 11 It will reflect in 2A but reflect in 2B in next month
10 Replies
Rajvi Shah
(84 Points)
Replied 05 July 2022
If supplier file gstr 1 after due date but i claim itc then what is concequence bec in return itc colum are edited.
This provisions when apply
This provisions when apply
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 05 July 2022
You need to pay interest on excess ITC claimed for the period of claiming ITC till same is available in 2B.
Rajvi Shah
(84 Points)
Replied 05 July 2022
Eg ITC claim which not show 2b in month of april 20 but show in month of march 20 which know now ie july 22 so i pay int march 20 to july 22 or march to april .
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 05 July 2022
Agar ITC March me mil gayi hai aur claim may me ki hai to interest nahi lagega
Rajvi Shah
(84 Points)
Replied 05 July 2022
Pur bill April 20 but supplier not show in may 20 (next mont file gst)so which is not show 2b in month of may 20 but i claim itc in month of may 20 which itc show june 20 .in short i claim itc earlier which know now so whether paid int on itc if yes which date start to end
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 05 July 2022
So Interest to be paid from May to June
Rajvi Shah
(84 Points)
Replied 05 July 2022
Just clarified it means int not paid to May 20 to now ie june 22 ie not paid to 2 yr only 1 month
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 07 July 2022
There is no interest until the ITC is utilised
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 08 July 2022
Interest calculated for one month only.
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