Input credit adjustment in 2a

20 July 2021

if all the input not reflected in 2B can we adjust full input As per 2A.

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8 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 20 July 2021

Yes you can adjust

1 Like

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 20 July 2021

Yes you can , but need to pay interest on the bills which are not filed by due date.

Sumit Kumar Sony (Articleship) (23 Points)
Replied 21 July 2021

At what interest rate?

Venkatesan Ramanujam (123 Points)
Replied 21 July 2021

Thanks all

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 21 July 2021

Your welcome

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 21 July 2021

interest rate is @ 24% per annum

E.vikas (Articleship) (54 Points)
Replied 23 July 2021

Hai Venkatesan Ramanujam,

You can do so but take care of Rule 36(4) as it is to be applied on cummulative basis for the month of April, May, and June.

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 31 July 2021

Interest is 24% pa

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