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ITC on QRMP Purchases

Jigar (B.Com) (153 Points)

30 May 2021

How to claim ITC on purchase made from the dealer who is filing his quarterly return. Because He will file his GST R1 after 3 month.???

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7 Replies

Aj Style (Student) (348 Points)
Replied 30 May 2021

Itc will be available when it's shows in 2b, that's mean you can take that itc when he file the return i.e in 3rd month

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 30 May 2021

Yes agree with above

Ankit Neema (2742 Points)
Replied 30 May 2021

When your ITC is shown in GSTR 2B , then you can claim

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CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 31 May 2021

The quarterly return filer can file IFF monthly and thus can shown his invoices monthly. You should communicate with your quarterly supplier regarding this.

Filing IFF is optional

CMA Poornima Madhava (CMA) (13112 Points)
Replied 31 May 2021

You may avail ITC in the subsequent month only if the supplier has filed IFF (which is optional), otherwise ITC can be availed only after the supplier files quarterly GSTR1.

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 31 May 2021

Ask him to file IFF before due date, the same will get reflected in your 2B .

Note : The QRMP scheme holder can file monthly IFF but the limit in value for the same is 50 lac