Question ID : 40476

HOW TO RECONCILE ITC WITH GSTR-2A

I am a registered taxpayer under Gst. I file my gstr-1 on monthly basis, But my some clients file their gst returns on quaterly basis. Problem is while filing my gstr-3b how can i reconcile my itc from gstr-2a. Since they are filing their gstr-1 quaterly. Now a new provision has also been inserted u/s 36(4) of cgst rule 2017. Where we can take provisional credit up to 20% of itc claimed. Give me some suggestions, how can i solve this issue. Ca Praveen Aggarwal

Please refer an article in this regard https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=8824 another article https://hiregange.com/assets/articles/9cbcd-itc-restriction-upto-120-of-eligible-credit-in-gstr-2a.pdf Two ways of looking at it