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

When foundation of reopening does not survive, no addition can be made for other issues

When foundation of reopening does not survive, no addition can be made in respect of other issues - ITAT In…

18 hours ago
  • GST

GST Advisory & FAQs on Electronic Credit Reversal & Re-claimed Statement & RCM Liability

GSTN Advisory & FAQs related to Electronic Credit Reversal and Re-claimed Statement and RCM Liability/ITC Statement To ensure correct and…

1 day ago
  • Income Tax

Negligence of tax payer would not make exempt income taxable – ITAT

It is well settled that if any receipt cannot be subjected to tax being exempt under law, negligence of any…

2 days ago
  • GST

For a notice sent by GSTN Portal no inference may be drawn as to its actual service

Since UPGST Authorities unable to inform when notice sent by GSTN Portal may have been retrieved or downloaded, no inference…

2 days ago
  • Income Tax

Cash deposit of Rs. 250000 cr (credit) misread as crores by AO – Plea declined

High Court declines plea of assessee that Income Tax Department wrongly read amount of cash deposit of Rs. 250000 Cr…

2 days ago
  • Income Tax

Discontinuance of business of firm will not vest ownership of firm’s property with partners

Discontinuance of business of partnership firm will not result in vesting ownership of firm's property with individual partners for capital…

3 days ago