https://www.taxtmi.com/forum/issue?id=116910 Claiming ITC in GSTR-3B beyond amounts reflected in 2B requires repayment of the excess with interest and may attract penalties; correct practice is to claim credit in the month it appears in 2B. Reconcile books with 2B, obtain timely supplier uploads, and reverse ITC with interest if invoices are not uploaded before annual filings. ITC is available on self assessment but is subject to repayment, interest, penalty risk, and payment related reversal conditions. en-us Tue, 15 Dec 2020 22:43:23 +0530 Thu, 23 Jan 2025 15:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116910 Claiming ITC in GSTR-3B beyond amounts reflected in 2B requires repayment of the excess with interest and may attract penalties; correct practice is to claim credit in the month it appears in 2B. Reconcile books with 2B, obtain timely supplier uploads, and reverse ITC with interest if invoices are not uploaded before annual filings. ITC is available on self assessment but is subject to repayment, interest, penalty risk, and payment related reversal conditions. Discussion-Forum GST Tue, 15 Dec 2020 22:43:23 +0530 https://www.taxtmi.com/forum/issue?id=116910