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ITC 2A vs 2B and Books.

01 June 2022

What are the consequences if ITC claimed based on 2A where invoices in 2B are less than what appearing in 2A.

And in case of ITC claimed as per Books and in 2A and 2B such invoices are not reflecting or reflecting after 2-3 months.

Please guide with relevant changes made by department time to time such as 20%, 10% and 5% what reflecting in 2B.

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2 Replies

sabyasachi mukherjee (27642 Points)
Replied 01 June 2022

Post table wise actual datas

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CA NAMRATA KAYARWAR (305 Points)
Replied 02 June 2022

Situation 1
Claimed ITC 10 lakh for the month of March 22 , 8 lakh reflecting in 2B and 10 lakh reflecting in 2A where one of supplier ITC belong to him was 2 lakh has delayed filed his GSTR1 on 18/4/22 . I have Claimed full 10 lakh is there any interest liability in this case.

situation 2

Claimed ITC 10 LAKH for Mar 22 supplier whose ITC was 2lakh has not filed his GSTR1 till 23/5/22. What will be the consequences.

Situation 3
Supplier filed his GSTR 1 of Apr 22 on 1/6/22 who is only supplier of recipient and ITC was 9.50 lakh so recipient has not filed his 3B for Apr 22. Now While filing 3B of Apr 22 on 2/6/22 can recipient take ITC of Apr 22 invoice delayed filed by supplier and if ITC taken what interest liability will arise. What will be Rate of interest and no of days for interest calculation. will it attract section 42??