Query regarding ITC after GSTR2B?

[Ashish Gupta]

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.

[PAWAN KUMAR]

Dear Sir,

Credit reflecting in GSTR-2B can be claimed. In case not possible to claim in the current tax period, can be claimed in next tax period. similar provision is for previously reflected details in GSTR-2B. it is as per self-assessment basis. proper recon should be there in this regard as per my view.

[Ganeshan Kalyani]

As per provision u/s 16(2)(b), the goods must have received so as to become eligible to claim input tax credit. Hence, even if the credit is available in 2B in Nov the recipient can claim only in the month of Dec i.e. the month in which the goods are physically received by him.

[Bhavika Chothani]

If the invoice is coming in GSTR-2A of November before or on 11th then it must come in GSTR-2B of November too.

So in this case introduction of GSTR-2B will not affect

[PAWAN KUMAR]

definitely, will not.

AI Summary

Input tax credit timing: claimable when goods are received even if credit reflects earlier in automated GSTR-2B. Eligibility to claim input tax credit follows a receipt-based rule: the recipient may claim ITC in the tax period when goods are physically received, even if the supplier's invoice and credit appear earlier in automated statements (GSTR-2A/GSTR-2B). Appearance in GSTR-2B does not, by itself, create entitlement; claims rest on self-assessment and require reconciliation, and taxpayers must account for any prescribed limits relative to the automated statement when filing GSTR-3B.