GST ITC Eligibility

[Ethirajan Parthasarathy]

Sec.16(2)(aa) of the CGST Act which limits ITC eligibility only to the extent of what is reported in GSTR 2A of the recipient comes into force w.e.f 01/01/2022

My query is whether above condition applies to ITC eligibility for the month of Dec’21 (for which return will be filed in Jan’22)

AI Summary

ITC eligibility linked to GSTR-2A: whether the rule applies based on return filing date or date credit is availed.
Whether Section 16(2)(aa) limiting ITC to amounts appearing in GSTR-2A applies to credits claimed in returns filed on or after 1 January 2022 for earlier periods is contested. Contributors differ on whether the controlling date is filing date, date of availing credit in GSTR-3B, or date of taking credit in statutory books; reference is made to a prior notification and CBIC guidance treating the restriction as applicable only where credit was availed after the notification's effective date.