GST ITC to be availed on the basis of GSTR-2B: Clarifies CBIC

  • Home
  • GST ITC to be availed on the basis of GSTR-2B: Clarifies CBIC

Studycafe | Mar 15, 2021 | Views 1637336

GST ITC to be availed on the basis of GSTR-2B: Clarifies CBIC

GST ITC to be availed on the basis of GSTR-2B: Clarifies CBIC

The Central Board of Direct Taxes [CBIC] on its Twitter handle has clarified that GST Input Tax Credit [ITC] has to be availed on the basis of information given in GSTR-2B.

There is still much confusion about this issue that is required to be resolved. Some of the points that need resolutions are:

  • What are the relevant provision of law that support that “ITC should be taken from GSTR-2B”?
  • What about the invoices uploaded by the supplier after 13th i.e. invoices that are reflected in GSTR-2A but not in GSTR-2B.

However, taxpayers who do not want to face scrutiny by the department and are not ready for any kind of litigation should simply use GSTR-2B for doing Input Tax credit[ITC] reconciliation while filing GSTR-3B.

Join Studycafe's What's App Group or Telegram Channel for Latest Updates on Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




Leave a Reply

Advertisement
Advertisement Banner 2

Studycafe Articles

Submit your Articles with us by Clicking Submit Article Button

Submit Article

you can also submit your articles by sending mail at [email protected]

Studycafe Articles

Submit your Articles with us by Clicking Submit Article Button

Submit Article

you can also submit your articles by sending mail at [email protected]