As per Government:
GSTR-2A– Details of auto drafted supplies
GSTR-2B– Auto drafted ITC statement
Did not understand right? Ok let’s simplify
So, where to apply the 5% Rule??
As per rule 36(4) of the CGST Rules, 2017, the registered person will be eligible to avail a maximum up to 5% of an input tax credit in respect of invoices/ debit notes which are not reflected by the supplier either in Form GSTR-1 or invoice furnishing facility.
Here, the question arise whether to take Form GSTR-2A or Form GSTR-2B?? As seen above, Form GSTR-2B is static and hence the same can be taken as a base. Notably, currently, the GST system is auto-reflecting figures of an input tax credit in Form GSTR-3B as per Form GSTR-2B.
However, it is important to note here that the board/ government has not come up with any of the clarification in the matter.
Regards
CA Umang Jain
+91 96323 32850
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