Right of Input tax credit under Goods & Service Tax Act cannot be denied due to non-reflection of the same in GSTR 2A/2B

Right of Input tax credit under Goods & Service Tax Act cannot be denied due to non-reflection of the same in GSTR 2A/2B https://www.taxtmi.com/article/detailed?id=9975 Input tax credit under GST remains claimable by recipients even when invoices do not appear in auto-populated purchase records; non-reflection alone is not a ground to deny ITC. Although the statutory matching framework and administrative rules provide for communication of discrepancies and limit claimed credits relative to supplier-filed data, executive guidance and judicial decisions uphold the recipient's right to self-assess ITC. Revenue recovery provisions permit actions against defaulting suppliers, and authorities should pursue recovery from suppliers rather than deny recipients' credits solely for non-appearance in auto-populated returns. en-us Mon, 30 Aug 2021 15:24:26 +0530 Mon, 30 Aug 2021 15:24:26 +0530 TaxTMI RSS Generator Right of Input tax credit under Goods & Service Tax Act cannot be denied due to non-reflection of the same in GSTR 2A/2B https://www.taxtmi.com/article/detailed?id=9975 Input tax credit under GST remains claimable by recipients even when invoices do not appear in auto-populated purchase records; non-reflection alone is not a ground to deny ITC. Although the statutory matching framework and administrative rules provide for communication of discrepancies and limit claimed credits relative to supplier-filed data, executive guidance and judicial decisions uphold the recipient's right to self-assess ITC. Revenue recovery provisions permit actions against defaulting suppliers, and authorities should pursue recovery from suppliers rather than deny recipients' credits solely for non-appearance in auto-populated returns. Articles Goods and Services Tax - GST Mon, 30 Aug 2021 15:24:26 +0530 https://www.taxtmi.com/article/detailed?id=9975