https://www.taxtmi.com/article/detailed?id=10224 Only invoices or debit notes the supplier has furnished in GSTR 1 or IFF and which appear in GSTR 2B may be claimed as input tax credit; the test is document wise matching against GSTR 2B, not aggregate reconciliation. Certain categories (imports, import of services, ISD credits, supplies from unregistered persons) are excluded from this restriction. Taxpayers should maintain invoice level reconciliation, park non matched credits in a Deferred/Unreconciled ITC account and enforce vendor filing and contractual indemnities to preserve ITC. en-us Mon, 31 Jan 2022 21:07:14 +0530 Mon, 31 Jan 2022 21:07:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10224 Only invoices or debit notes the supplier has furnished in GSTR 1 or IFF and which appear in GSTR 2B may be claimed as input tax credit; the test is document wise matching against GSTR 2B, not aggregate reconciliation. Certain categories (imports, import of services, ISD credits, supplies from unregistered persons) are excluded from this restriction. Taxpayers should maintain invoice level reconciliation, park non matched credits in a Deferred/Unreconciled ITC account and enforce vendor filing and contractual indemnities to preserve ITC. Articles Goods and Services Tax - GST Mon, 31 Jan 2022 21:07:14 +0530 https://www.taxtmi.com/article/detailed?id=10224