Input tax Credit

[Bharat Cholleti]

Dear sir,

Kindly clarify for claiming ITC in R3B return shall we consider Form 2A or Form 2B . 2A is a dynamic and 2B is static. calculation of 10% excess ITC is as per Form 2A or form 2B. Thanks in advance.

AI Summary

Choose GSTR-2B for Input Tax Credit claims; static nature offers reliability. Reconcile with GSTR-2A during transition. A query was raised regarding whether to use Form GSTR-2A or GSTR-2B for claiming Input Tax Credit (ITC) in the GST R3B return. GSTR-2A is dynamic, while GSTR-2B is static. One respondent suggested using GSTR-2A and applying the 10% rule for unpopulated invoices, while another advised using GSTR-2B as the final reference for ITC claims. It was noted that both forms might be needed during the transition, and a reconciliation between GSTR-2A and GSTR-3B is recommended. GSTR-2B is advised for compliance due to its static nature, providing a more reliable base for ITC claims.