GST
Supplier filed GSTR-1 late and invoice came next month
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Facts
Claim it in the month it first appears in your GSTR-2B, which here is April. The year of the invoice still decides the Sec 16(4) cut-off.
Provisions and law
- Rule 36(4), CGST Rules 2017ITC can be taken only on invoices and debit notes furnished by suppliers in GSTR-1 or IFF and communicated in GSTR-2B.
- Sec 16(4), CGST Act 2017No ITC on an invoice after 30 November following the end of the financial year, or after filing the annual return, whichever is earlier.
Analysis
Your books may show the purchase in March, but the credit is available only from April's 2B. Track this as a timing difference in your reconciliation. In GSTR-9 for the March year, such credit is shown as ITC of that year claimed in the next year. Year-end invoices are the most common cause of 2B and books mismatch.
Conclusion
- Mark the invoice as pending in your reconciliation.
- Claim it in April's GSTR-3B once it appears.
- Note it as a timing difference for GSTR-9.
- Remind suppliers to report March invoices by the due date.
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GSTR-2B ITC reconciliation and IMS
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