GST

GSTR-2 ITC Credit-Look at count and amount of ITC at invoices uploaded from suppliers

GSTR-2 ITC Credit-Look at count and amount of ITC at invoices uploaded from suppliers. Difference between GSTR-2A & GSTR-2 can be for this reason 

Invoices under GSTR-2 will start showing up on summary screen as well as inside GSTR-2 only after an action is taken on the invoice like accept, modify or new invoices are added by the receiver. Invoices rejected will be deducted from the count and amount before summary can be updated.

Please start looking at the invoices uploaded from your suppliers for seeing the count and amount of ITC available.

There can be a difference between GSTR-2A and GSTR-2 for this reason which is as per the expected behaviour on the portal.

Share

Recent Posts

  • Income Tax

SC explains meaning/scope of reason to believe u/s 147 and change of opinion by AO

Supreme Court explains meaning and scope of “reason to believe” u/s 147 and when reopening can be said to be…

2 hours ago
  • Income Tax

Registration u/s 12AB granted as activities fall under general public utility, if not education as claimed

ITAT directed registration u/s 12AB as activities of the trust fall under general public utility services if not falling fall…

2 days ago
  • Income Tax

How a loan amount was utilised wouldn’t constitute failure to discharge onus u/s 68

Utilisation of loan amount would not constitute failure to discharge onus caste u/s 68 in absence of any defect in…

3 days ago
  • Income Tax

No addition based on third party information in form of unsigned excel sheet – ITAT

Addition on the basis of third party information in form of unsigned excel sheet can not be sustained - ITAT…

4 days ago
  • Income Tax

Shagun money received on occasion of marriage not taxable income – ITAT

Shagun money received on marriage of individual cannot be considered as income in the year of its receipt - ITAT…

7 days ago
  • Income Tax

There is no statutory requirement to maintain cash book for salaried individual – ITAT

ITAT deleted addition towards cash deposited in bank account observing that there is no statutory requirement to maintain cash book…

1 week ago