Pricing Login

Tax Management India. Com
Law and Practice : Digital eBook
Research is most exciting & rewarding

Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes

TMI - e-Newsletter TaxTMI Taxpayer's victory: AO's order upheld, PCIT's... TaxTMI Non-resident Singapore firm's software licensing... TaxTMI EOUs face automated Import Rules from 17.09.2024 -... TaxTMI Steel Extending validity of customs valuation rules... TaxTMI New SEBI circular relaxes rules for REITs, enables... TaxTMI Phased rollout of quality standards for low-voltage... TaxTMI Virtual Hearings Mandatory: CBIC Reinstates Video... TaxTMI Apex Court upholds validity of extension of GST... TaxTMI Builders wrongly claimed before Appellate Tribunal... TaxTMI Deductions, expense allocation & miscellaneous... TaxTMI Foreign airline's code-sharing income from India... TaxTMI Reopening of assessment after 4 years and addition... TaxTMI Trade officials wrongly denied export benefits due... TaxTMI License Revoked Without Proper Notice 's license... TaxTMI Settling shareholder feud, ensuring company... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

Home

Discussions Forum

Home

Forum

Goods and Services Tax - GST

This

A Public Forum.
Acknowledging the Value of Experts.
Contribute Your Wisdom, Shape the Future.
Let Your Experience Guide Others

Submit new Issue / Query My Issues My Replies
A free service.
You may submit an issue for brainstorming also.

← Previous Next →

GST - ITC AVAILMENT OF TAX REFLECTING AFTER FILING MY 3B, Goods and Services Tax - GST

Issue Id: - 116934
Dated: 2-1-2021
By:- SAFETAB LIFESCIENCE

GST - ITC AVAILMENT OF TAX REFLECTING AFTER FILING MY 3B

Contents

Dear Experts,

WISH YOU ALL A HAPPY NEW YEAR

I have a doubt on ITC availment. Please calrify.

I am a buyer. I am having GST Bills with GST amount of 50.00 Lakhs of November. Say 10 bills with total GST 40.00 Lakhs and one bill with GST 10.00 Lakhs.

Till filing my 3B on 20.12.2020, that one bill with GST10.00L was not reflected in my 2A.

So, Iam eligible to take ITC on 20.12.2020 for November is maximum of 44.00 Lakhs, right. though Iam having bills for 40.00 Lakhs reflected in 2A, I am eligible for 44.00 Lakhs, right.

My supplier who raised single bill with GST 10.00 lakhs is filing his GSTR-1 of November, on 25.12.2020 only after my filing of 3B happened on 20.12.2020. That suppliers bill will show in my 2A of November only after his filing date 25.12.2020, Am I right.

Now for December Iam having ITC bills for 30.00 Lakhs and all the bills are reflecting in 2A.

While filing my 3B on 20.01.2021, how much ITC can I take. For December portal shows 30.0L only for December in 2A. As per latest rules Iam eligible to take maximum of 30.00 + 5% = 31.50 lakhs only. But Iam eligible to take that balance amount of 6.00 L of November also, right. That 10.00 Lakhs bill of November will show in my 2A of November only though he filed after my 3B filing.

I should take 36.00 Lakhs in 3B of December (which is) November Balance 6.00 L + December acutals in 2A also total bills Iam having 30.00 Lakhs.

So, shall I take 36.00 lakhs in my December 3B on 20.01.2021. I should take. Is there any restriction will come in portal (or) whether it will allow me to take ITC of previous month pending + current month actuals (i.e) 36.00L and proceed.

Pls clarify

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 11-1-2021
By:- Ganeshan Kalyani

In my view, you are eligible to take 36 lacs ITC.

3B is auto-populated basis 2B figures. 2B is a static report. You need to check this report as well to see if 10 lacs invoice which was uploaded after filing of your return is appearing in it or not.

The auto-populated figures are only for reference and not final. Taxpayer have to arrive at actual eligible ITC basis GST law.

Page: 1