Input Tax Credit of F.Y. 2021-22 invoices or debit note to be claimed in GSTR-3B of October 2022

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nput Tax Credit of F.Y. 2021-22 invoices or debit note to be claimed in GSTR-3B of October 2022<br>By: - Ganeshan Kalyani<br>Goods and Services Tax - GST<br>Dated:- 2-11-2022<br><br>The time limit to ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....claim Input tax credit on invoices or debit note pertaining to previous year 2021-22 is 31.10.2022 as the amended provision states that the taxpayer can claim input tax credit till the compliance to b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e done before 30th November. The GSTR-3B of October will be filed by 20th Nov, 2022 which is before 30th November. This required the taxpayer to carryout GSTR-2B reconciliation for F.Y. 2021-22 on YT....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....D basis. In case if any invoice is missing in GSTR-2B as on today, the same should be informed /communicated to supplier so that he can furnish the same in his GSTR-1 to be filed by 11th Nov, 2022. Th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e supplier can also incorporate invoice details, rectify or furnish the invoice of previous year in GSTR-1 to be filed by 11th Nov 2022. Similarly, if any invoice is appearing in GSTR-2B but said inv....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....oice is not accounted in books of account then the same can be accounted and input tax credit can be claimed thereon. From 01.01.2022 the claim of Input tax credit is allowed , inter-alia, the invoic....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e details appear in GSTR-2B. Also, the time limit as stated above need to be fulfilled. Looking into both the provisions and timeline it requires the taxpayer to do the GSTR-2B reconciliation on YTD b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....asis as ap.<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....