Dear advisors
one small doubt, for an example, if we received the material and taken credit also for the month of April 18, kindly note we made payment to the supplier ,
but the supplier didn't filed GSTR3B yet. now my question is, the department will rise notice on us or to supplier toward demanding to pay the tax amount. please answer me sir.
sir,
as per section 16(2)d of CGST act, recipientis eligible to claim ITC when supplier has furnished the return as per section 39.
so as per above u are not eligible to take ITC.
as u already claimed add tax to outward liability and also required to pay interest @ 18%p.a u/s 50(1).
Whenever supplier reported then ur eligible to claim credit.
So to overcome these things u need to make follow up with vendors if not reflected in GSTR-2A downloaded from common portal.
CAclubindia
