{"id":5088,"date":"2022-10-31T07:35:45","date_gmt":"2022-10-31T07:35:45","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=5088"},"modified":"2024-09-15T17:39:34","modified_gmt":"2024-09-15T17:39:34","slug":"we-cannot-claim-itc-even-if-it-is-within-gst-portal-now","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/we-cannot-claim-itc-even-if-it-is-within-gst-portal-now\/","title":{"rendered":"We cannot claim ITC even if it is within GST portal Now !"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4771\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/GST-E-Invoices.jpg\" alt=\"GST E-Invoices\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/GST-E-Invoices.jpg 1200w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/GST-E-Invoices-300x225.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/GST-E-Invoices-1024x768.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/GST-E-Invoices-768x576.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/GST-E-Invoices-800x600.jpg 800w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dd0468b09e5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dd0468b09e5\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/we-cannot-claim-itc-even-if-it-is-within-gst-portal-now\/#We_cannot_claim_input_tax_credit_even_if_it_is_within_GST_portal_Now\" title=\"We cannot claim input tax credit even if it is within GST portal Now\">We cannot claim input tax credit even if it is within GST portal Now<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/we-cannot-claim-itc-even-if-it-is-within-gst-portal-now\/#Important_information_related_to_the_change_in_ITC_Claim_within_GST\" title=\"Important information related to the change in ITC Claim within GST.\">Important information related to the change in ITC Claim within GST.<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/we-cannot-claim-itc-even-if-it-is-within-gst-portal-now\/#GSTR_2B_Vs_GSTR_2A\" title=\"GSTR 2B Vs GSTR 2A\">GSTR 2B Vs GSTR 2A<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/we-cannot-claim-itc-even-if-it-is-within-gst-portal-now\/#How_can_IFCCL_Assist\" title=\"How can IFCCL Assist?\">How can IFCCL Assist?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"We_cannot_claim_input_tax_credit_even_if_it_is_within_GST_portal_Now\"><\/span><span style=\"color: #000080;\">We cannot claim input tax credit even if it is within GST portal Now<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Due to the severity of Input tax credit fraud involving fake entities and invoices, Revised Section 38 was suggested in an attempt to further impose restrictions on Input tax credit claims.<\/p>\n<ol>\n<li>Input tax credit cannot be claimed if it is restricted in GSTR-2B available under Section 38.<\/li>\n<li>Time limit to claim Input tax credit on invoices or debit notes of a financial year is revised to earlier of 2 dates.<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>1stly, 30th Nov of the following year or<\/li>\n<li>2<sup>ndly <\/sup>date of filing annual returns.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">The provisions of this section will also assist in preventing any legal disputes.<\/p>\n<ol start=\"3\">\n<li>According to the section 38 is completely revamped as \u2018Communication of details of inward supplies and input tax credit\u2019 in line with the Form GSTR-2B. It lays down the time, conditions or manner &amp; restrictions for Input tax credit claims &amp; has removed the two-way communication process in Goods and services tax return filing on the suspended Goods and services tax return in Form GSTR-2. As per section 38 of IGST act also states that GST Taxpayers will be give details of ineligible as well as eligible Input tax credit for claims.<br \/>\n4. As per the section 41 is also revamped to remove the references to provisional Input tax credit claims &amp; specified Self-assessed Input tax credit claims along with requirement &amp; conditions.<br \/>\n5. According to the sections 42, 43 &amp; 43A on provisional Input tax credit claim process, matching &amp; reversal are eliminated.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Important_information_related_to_the_change_in_ITC_Claim_within_GST\"><\/span><span style=\"color: #000080;\"><strong>Important information related to the change in ITC Claim within GST.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5089\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/change-in-ITC-Claim-from-1-Oct-2022.jpg\" alt=\"change in ITC Claim from 1 Oct 2022\" width=\"1200\" height=\"984\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/change-in-ITC-Claim-from-1-Oct-2022.jpg 1200w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/change-in-ITC-Claim-from-1-Oct-2022-300x246.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/change-in-ITC-Claim-from-1-Oct-2022-1024x840.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/change-in-ITC-Claim-from-1-Oct-2022-768x630.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/change-in-ITC-Claim-from-1-Oct-2022-800x656.jpg 800w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>It is important to understand that Now scenario change. and, with it, GST procedures &amp; norms also change on time to time. It\u2019s natural for changes to happen because they help improve processes.<\/p>\n<p>Similarly, we have seen a phase in Goods and Services tax law where:<\/p>\n<ul>\n<li>In case we have GST invoice, so you will receive input.<\/li>\n<li>If we have GST invoice However, but GST INPUT doesn\u2019t reflect in GSTR 2A, you will still receive input within a limit.<\/li>\n<li>In case we have GST invoice. However, ITC doesn\u2019t reflect in GSTR 2A, you won\u2019t receive input.<\/li>\n<li><strong>Lastly, we h<\/strong>ave GST Invoice &amp; GST Input. Which is reflects in GSTR 2A, but ITC doesn\u2019t show in GSTR 2B, so you won\u2019t receive input.<\/li>\n<\/ul>\n<p>However New scenario a new phase, where we won\u2019t receive input even when GST invoice reflects in GSTR 2B. \u00a0We might say that we are referring to situation where we receive goods a month after the bill has been issued by the vendor. So, it is important that your Goods and Services Tax is reconciled with books of account and GSTR-2B on monthly basis.<\/p>\n<p>We are partially correct &amp; we do understand. Why? Because of under section 38 has come into existence.\u00a0 It indicates that under the aforementioned conditions, even if the input appears in GSTR 2B, you will not be allowed to claim it as input.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"GSTR_2B_Vs_GSTR_2A\"><\/span><span style=\"color: #000080;\"><strong>GSTR 2B Vs GSTR 2A<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6147\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/GST-2A.jpg\" alt=\"GST 2A and GST 2B\" width=\"1080\" height=\"1004\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/GST-2A.jpg 1080w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/GST-2A-300x279.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/GST-2A-1024x952.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/GST-2A-768x714.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/10\/GST-2A-800x744.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p>Question : If we have received building materials and filed return shown as ineligible ITC. now, we want to return the material to supplier. How we can reclaim ITC shown as ineligible in earlier returns for set off tax liability on return goods.<br \/>\nAt present no other transaction in firm.<\/p>\n<p>Ans : You cannot directly reclaim ineligible ITC already declared, but through a credit note from the supplier, the transaction will reverse, and any tax adjustments can be applied to future transactions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_can_IFCCL_Assist\"><\/span><span style=\"color: #000080;\"><strong>How can IFCCL Assist?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>By Utilizing IFCCL GST&#8217;s expert Services,\u00a0 when you need filing GSTR-9 to make the process of computing the reversal ITC and reporting it in the relevant GST returns simpler.<\/li>\n<li>We provide GST -9 filling services along with an appropriate GSTR-9 and includes compare GSTR-1, GSTR-3B, and books of accounts and provide recommendations for resolving discrepancies.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>We cannot claim input tax credit even if it is within GST portal Now Due to the severity of Input tax credit fraud involving fake entities and invoices, Revised Section 38 was suggested in an attempt to further impose restrictions on Input tax credit claims. Input tax credit cannot be claimed if it is restricted &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[933],"tags":[950],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5088"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=5088"}],"version-history":[{"count":4,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5088\/revisions"}],"predecessor-version":[{"id":7922,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5088\/revisions\/7922"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=5088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=5088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=5088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}