ITC claim issue
Mohd Khalid (493 Points)
04 March 2020Now the question is that if dealer didn't file 3B and close the firm.
So now in that condition how can I claim ITC as I paid him of Rs 100000
Mohd Khalid (493 Points)
04 March 2020
Mansoor ashraf
(42 Points)
Replied 04 March 2020
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 March 2020
Mohd Khalid
(493 Points)
Replied 04 March 2020
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 05 March 2020
Mohd Khalid
(493 Points)
Replied 05 March 2020
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 March 2020
Mansoor ashraf
(42 Points)
Replied 05 March 2020
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 March 2020
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 06 March 2020
Mohd Khalid
(493 Points)
Replied 06 March 2020
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 06 March 2020
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 06 March 2020
In GST, ITC can be claimed as per the matching concept with GSTR -2A.
In your case since the assessee has not filed GSTR 3B and must not have filed GSTR 1 also, so the ITC will not reflect in your GSTR 2A.
As per the recent amendments made under the Act, in case of invoices whose input is not reflecting in GSTR -2A. ITC upto 10% can be only self claimed by the assessee.
Mohd Khalid
(493 Points)
Replied 06 March 2020