ITC not reflect in GSTR2B

[Rakesh Sharma]

Sir,

can i take itc of Mar 2021 as my supplier not filed GSTR-1 before 11th April. ITC is reflecting in GSTR-2A in Mar but not in GSTR-2B.

What if i take itc in march itself if the answer in no?

AI Summary

Claim ITC for March 2021 Safely: Follow Sections 16 & 17 of CGST Act Amid GSTR-1 Filing Delays. A user inquired about claiming Input Tax Credit (ITC) for March 2021 when their supplier filed GSTR-1 after the deadline, causing ITC to appear in GSTR-2A but not GSTR-2B. An expert advised that ITC could be claimed without risk, provided compliance with Sections 16 and 17 of the CGST Act, including possession of a tax invoice, receipt of goods or services, timely payment to the supplier, accurate bookkeeping, and ensuring ITC is not restricted by Section 17(5). Another participant highlighted the amendment in Section 16(2)(aa), emphasizing supplier responsibility. Additional resources were suggested for further details.