If a Good is purchased interstate and say it leaves West Bengal for Maharastra on 28th November and comes on 5th December, the ITC was taken in the December 20 return of GSTR-3B which was filed in January though the supplier has shown the sale in his November return and is seen in the GSTR-2A.
With the introduction of GSTR-2B is there any change in this position as the IGST will be reflected in the November GSTR-2B return and not in the December GSTR-2B returns and there is a limit of maximum 110% in the credit that can be taken as compared to the GSTR-2B return.
Clarification on ITC Claims: GSTR-2B's Role in Timing, Reconciliation, and Eligibility Requirements for Interstate Purchases. A user inquired about claiming Input Tax Credit (ITC) under the Goods and Services Tax (GST) system when goods are purchased interstate and discrepancies arise between GSTR-2A and GSTR-2B filings. The question focused on whether the introduction of GSTR-2B affects the timing of ITC claims. Responses clarified that credit reflecting in GSTR-2B can be claimed either in the current or next tax period, emphasizing the need for proper reconciliation. It was noted that ITC can only be claimed once goods are physically received, and the introduction of GSTR-2B does not change this eligibility requirement. (AI Summary)
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