GST – ITC CREDIT – NEW RULES ANY
Query (Issue) Started By: – SAFETAB LIFESCIENCE Dated:- 26-9-2018 Last Reply Date:- 30-10-2018 Goods and Services Tax – GST
Got 6 Replies
GST
Dear Experts,
\nIs there any new rule come in GST, stating that we can take ITC credit only for the bills seen in GSTR-2A
\nwith effect from 01.10.2018….
\nReply By Yash Jain:
\nThe Reply:
\nDear Sir,
\nYes, but from 01.01.2019 effectively
\nIn new form input from 2A would be auto populated.
\nInfosys is designing new forms.
\nThis is also there at present if we interpretate sec 16 of GST act, which states the said.
\nIn case supplier has not filed return, then inform him to upload invoice online till filing of return.
\nThis is also known as system of invoice locki<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n are available in GSTR-2A. Whether it is implemented or not. Some of our friends are telling that it is going to be implemented from 01.10.2018. Is it true or not. Any other date specified. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST – ITC CREDIT – NEW RULES ANY Query (Issue) Started By: – SAFETAB LIFESCIENCE Dated:- 26-9-2018 Last Reply Date:- 30-10-2018 Goods and Services Tax – GSTGot 6 RepliesGSTDear Experts, Is there any new rule come in GST, stating that we can take ITC credit only for the bills seen in GSTR-2A with effect from … Continue reading “GST – ITC CREDIT – NEW RULES ANY”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14054","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14054"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14054\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By Praveen Nair:
\nThe Reply:
\nTo answer your question I would it is not Notified that the GSTR-2A has been implemented, it can't be so logically since GSTR 2 return is not active yet. You can use GSTR 2A to reconcile your books for ITC credit taken by you in GSTR-3B so that there are no last moment surprises of mismatch once GSTR 2 returns is in notified.
\nGSTR 2 return will accumulate all credits passed on in GSTR-2A and also has options to add missing invoices.
\nReply By LDRaj &CO:
\nThe Reply:
\nDear Sir
\nIn the new simplified form of return fi<\/p>\n
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