Question ID :
32770
GSTR 2A
While finalising books of Accounts for FY 2017-18 , should we consider GSTR 2A . Also there is a provision to to reverse ITC before 30th september . So should we reverse ITC if it is not appearing in GSTR 2A. My point is that we have validly received goods or services and taken ITC in GSTR 3B now there is a need to check for GSTR 2A, if at all there is default then it is fault of supplier .
Posted by
samirkumar gokulbhai kasvala
on
Aug 14, 2018
Filed Under
GST
There is no need to reverse if not in 2A. The reasons could be as under:
1. Vendor made mistake in entry
2. Put in B2 C
3. GSTN glitches
4. Matching concept not closed out- still in limbo.
Posted by
Madhukar N Hiregange on
Aug 14, 2018
Answer ID :
71919
As per provision of the ACT, it is the liability of the receiver of Input Credit to pay the gst if the supplier has not uploaded the invoice. Therefore it is better to check the GSTR 2A before finalizing the accounts. We can wait till filling of annual return and if the situation remains the same we can reverse it during the filing of annual return and pay the tax.
Posted by
Ramakant Y Marda on
Aug 16, 2018