Dear Sir/Madam, Kindly address our below mentioned query regarding GSTR 2B while filing GSTR 3B for the month of November 2020 : -How can we claim ITC in the current month against Purchase Invoices which were uploaded by our vendor in the previous month and were not claimed by us in previous month as we recorded in our BOA in the current month Eg. : GST ITC of particular invoice we have not considered in the month of October 2020 while filing GSTR 3B as invoice was booked in the month of November 2020. Now while filing the November 2020 GSTR 3B, GST ITC of above mentioned invoice is not allowed to take ITC as it's not reflecting in GSTR 2B of November month. So how to avail ITC in case booking is done in the later months ? As ITC amount is getting auto reflected in GSTR 3B as per the GSTR 2B invoices reported by our vendors in the current month,how can we change the ITC value to claim the unclaimed ITC of previous month Kindly guide on this.
- In GSTR-3B, figure of ITC is populated on the basis of GSTR-1 filed by the suppliers. As the invoice pertains to the month Oct.2020, ITC will be reflected in GSTR-2B of Nov.2020 if the return was filed upto 11.112020 by the supplier. Please check GSTR-2B of Nov.2020, if it is reflecting in GSTR-2B of Nov.2020 then you can claim it in GSTR-3B of Dec.2020. You can easily change the ITC in GSTR-3B by including Oct. 2020 ITC.
For detailed discussion, please contact telephonically.
Hi
If ITC is reflecting in GSTR 2A for the month of Oct, you can claim the credit of such taxes.
If you read Rule 36(4) carefully then it states that you can claim the 105% (Revised from 1st January 2021)- For November month 110% of the amount that has been reflected in GSTR-2B or say filed by the vendor till 11th of the succeeding month.
So, it's not a reconciliation to be done on an overall basis but on a line-item basis. Therefore, if you have 80 line items in your books in the current month and out of that 70 transactions are filed by the vendor. Then you can claim 110% of the amount of those 70 transactions or the Total of 80 transactions, whichever is lower.
Further, please note as per CBIC clarification auto-populated figures are just for guidance purposes and you can still avail the ITC as per books of accounts duly eligible as per Rule 36(4).
Trust this clarifies.
