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

During pendency before settlement commission, assessee have right to contest assessment

The contention that during the pendency of case before settlement commission, the assessee must give up his right to contest…

4 hours ago
  • Income Tax

Entire amount of undisclosed money cannot be treated income but only profit embedded

Entire amount of undisclosed money cannot be treated as income and only estimated profit embedded in these transactions may only…

12 hours ago
  • GST

Penalty confirmed as loading point of the goods was different as declared in E- Way Bill

Penalty confirmed as loading point of the goods loaded in vehicle was different as declared in E- Way Bill which…

1 day ago
  • Income Tax

Notice u/s 143(2) send by email fifty seconds before signing by AO not a legal notice

Notice u/s 143(2) send by email fifty seconds before signing by the Assessing Officer was not a legal notice -…

1 day ago
  • Income Tax

Amount shown payable & receivable by both parties, not unexplained money – ITAT

Once investment amount reflected as payable and receivable in the books of accounts of both parties, no addition can be…

1 day ago
  • Income Tax

Consolidated satisfaction note for all assessment years fatal to jurisdiction u/s 153C

Recording consolidated satisfaction note for various assessment years is fatal to the very assumption of jurisdiction under section 153C -…

2 days ago