What if i dont carry invoice for the month of july ;can i still claim ITC in the July month itself on the same since it has auto populated in gstr-2A. Moreover as per CGST actsec 42 such transactions will be treated as matched.Now if I cant avail ITC in month of July how will I claim the same in august month?Will supplier has to modify his GSTR-1 in this case? It would be great if you could quote section or any website link relating to mismatch report /GST MIS.
GSTR-2: Can ITC on July dated invoice be claimed in August.
CAPurnima Bothra
Can Input Tax Credit for July Invoice Be Claimed in August? Section 18(2) of CGST Act Explains. A discussion on a forum addressed whether Input Tax Credit (ITC) for a July invoice can be claimed in August under the Goods and Services Tax (GST) framework. Participants clarified that ITC can be claimed within one year from the invoice date, and a delay does not prevent this claim. It was noted that there is no need for the supplier to modify GSTR-1, as the process will auto-correct when GSTR-3 is filed. The matching concept under Section 18(2) of the CGST Act allows for such claims, ensuring transactions are treated as matched. (AI Summary)