Availability of ITC, Goods and Services Tax - GST

[KARAN VERMA]

Sir

I have forgot to upload detail of March ,2020 invoices in GSTR-1. Then, in first quarter I have uploaded detail in GSTR-1 (June month) 2020 and paid taxes in GSTR-3B May month.

Whether buyer is legally allowed to take ITC and whether such invoice reflect in Buyer GSTR-2A for 2019-20.

Posts / Replies

[KASTURI SETHI]

In this scenario, ITC will be reflected in 2 A during the year 2020-21 and NOT in 2019-20.

[KARAN VERMA]

ok sir but whether buyer is eligible to take input tax credit.

[KASTURI SETHI]

Yes. You can take but before 20.10.20.

[Ganeshan Kalyani]

Yes, the buyer is eligible to take credit.

[KARAN VERMA]

I will asked buyer to download June month GSTR-1 copy and take ITC in September month return.

[Bhavika Chothani]

This invoice will reflect in 2A of 2020-21. As per the latest rule where the buyer is allowed to take additional 10% ITC apart from what is there in GSTR-2A. Your buyer can take the ITC of this invoice in 2019-20, if it fits in this additional 10%