sir,
in December month GSTR-3B auto populated show ITC for 35000.00 but ITC in
hand 500000.00 One party filed 12th January So the party has to pay nearly 300000.00 for the month of December whether we can take ITC fully or pay tax.Kindly advice me
4 Replies
S P
(102 Points)
Replied 17 January 2021
According to rule 36(4) we can avail itc only if the supplier filed the gstr1 with in due date. so it is advised not to take itc and pay the tax in cash
anil jain
(Partner)
(1072 Points)
Replied 19 January 2021
wait till 20th Jan, and check populated itc then. return filed on 12th would certainly appear then and you would be able to take itc then.
S P
(102 Points)
Replied 19 January 2021
But as per Rules, we have to credit as per 2A as on due date I.e., 11th
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