ITC on GST

Even though refer section 16 of CGST Act condition for availing ITC ( Below is the reference of section 16)

16. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person. (2) Notwithstanding anything contained in this section, no registered person shall be entitled to the credit of any input tax in respect of any supply of goods or services or both to him unless,–– (a) he is in possession of a tax invoice or debit note issued by a supplier registered under this Act, or such other tax paying documents as may be prescribed; (b) he has received the goods or services or both. Explanation.—For the purposes of this clause, it shall be deemed that the registered person has received the goods where the goods are delivered by the supplier to a recipient or any other person on the direction of such registered person, whether acting as an agent or otherwise, before or during movement of goods, either by way of transfer of documents of title to goods or otherwise; (c) subject to the provisions of section 41, the tax charged in respect of such supply has been actually paid to the Government, either in cash or through utilisation of input tax credit admissible in respect of the said supply; and (d) he has furnished the return under section 39:

You cant avail itc unless it is shown in your GSTR-2A , you can claim ITC only then if it is shown in your return otherwise you deposit itc availed with interest @ 18% from the date you taken ITC Otherwise there are penalty for the same

Originally posted by : rajni aggarwal
	You cant avail itc unless it is shown in your GSTR-2A , you can claim ITC only then if it is shown in your return otherwise you deposit itc availed with interest @ 18% from the date you taken ITC Otherwise there are penalty for the same

As per GST We can't avail ITC if invoices not reflected in GSTR 2A...

But, In current scenario no more details or way for its based ITC. So, Better to take ITC based on Invoice (Also check the Payment to Supplier).

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