Query regarding input tax credit

ITC / Input 183 views 5 replies

pr br

319 Points Posted on 30 October 2018

As per section 16(2) of Central Goods and Services Tax Act, 2017, the essential conditions for availing the input tax credit for GST for the Recipient of services from a Supplier are:

Tax charged by the Supplier has been actually paid to the Government, either in cash or through utilization of input tax credit admissible in respect of the said supply. (How can we confirm the supplier actually paid the tax or not or just filed GSTR-1 ?)
Supplier has furnished the return under section 39. (what does this mean ? )

Replies (5)

1) that's why gst is provisionally allowed for the claim you made in gstr-2. on 20th reconciliation will take place and any discrepancies communicated to buyer- mis-1, supplier-mis-2 for.further rectification.

2)it has to be rectified in the return for the month in which discrepancy is communicated.

3)if not gst needs to be reversed in return of the month following the month in which discrepancy is communicated

pr br

319 Points Posted on 30 October 2018

Originally posted by : MY Indians Tv
	1) that's why gst is provisionally allowed for the claim you made in gstr-2. on 20th reconciliation will take place and any discrepancies communicated to buyer- mis-1, supplier-mis-2 for.further rectification. 2)it has to be rectified in the return for the month in which discrepancy is communicated.3)if not gst needs to be reversed in return of the month following the month in which discrepancy is communicated

gstr 2 started ?

MY Indians Tv

292 Points Posted on 30 October 2018

that means gstr-3b till the time it exists. the claim you made in 3b will allowed provisionally

pr br

319 Points Posted on 30 October 2018

Originally posted by : MY Indians Tv
	that means gstr-3b till the time it exists. the claim you made in 3b will allowed provisionally

sir , so that means we can safely take the GST Input Tax credit for those bills which are already showing in GSTR-2A. no discrepancy will arise later . right ? ( if I as a receiver do not want to modify anything in those bill ,but want to take ITC as feeded by supplier) ?