7 Replies
prasad Nilugal
(3914 Points)
Replied 05 October 2020
1. you must have valid GST Tax Invoice with correct GSTN of supplier .
2.you must receive Goods or Services
3. Your supplier should pay the tax to GOVT account collected from you
4. you should file return
In addition to above If it reflects in GSTR2A and 2B you can claim ITC , but as per act you have to fulfill above conditions and.same ITC should not be under block credit under section 17(5) of the CGST act 2017 .
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 05 October 2020
prasad Nilugal
(3914 Points)
Replied 05 October 2020
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 05 October 2020
As per Law, we have to check that Suppliers filed GSTR 1 or not. we can check that from both i.e GSTR 2A and 2B...
but it's debatable issue
even GSTR 2A is also debatable..
what if my all Supplies is filing Quarterlly return ?....(Not able to take ITC for 4 month's !!!!)
prasad Nilugal
(3914 Points)
Replied 05 October 2020
mdhussain 2603
(113 Points)
Replied 11 October 2020
than how to collect ITC.
Bhavika Kothari
(CA)
(1258 Points)
Replied 26 October 2020
Your ITC will be based on GSTR-2B. But as you know there is a provision to take additional 10% of provisional ITC. This additional 10% can be taken from GSTR-2A
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