Very Important Point To Keep in Mind While Availing Self- Assessed ITC From GSTR-2A

GSTN has posted an advisory on 15th May 2022 that GSTR-2B for April 2022 is not showing the invoices related to April 2022. Technical team is working on it.

But as a temporary measure, taxpayers can avail ITC from GSTR-2A as per self-assessment basis.

Points to Keep in Mind While Availing ITC From GSTR-2A

As per section 16(2)(aa) of the CGST Act w.e.f. 1st January 2022, ITC of invoices uploaded by the suppliers till the due date of GSTR-1/ IFF can be claimed. ITC of invoices uploaded after the due date of GSTR-1/ IFF can not be claimed while filing that month’s GSTR-3B return.

It means when we will claim ITC from GSTR-2A, then we should note down GSTR-1/ IFF filing date of every supplier.

If GSTR-1/ IFF of supplier is filed till 11th May 2022 (for April 2022 month), then we can claim ITC because 11th May 2022 is the due date for filing GSTR-1 of April 2022 for taxpayers who have opted monthly returns filing.

But if GSTR-1/ IFF is filed between 12th May 2022 to 13th May 2022 (for April 2022 month) then we should confirm that the particular party is in QRMP Scheme or not. If the party is in QRMP scheme then we can claim ITC because due date for filing IFF of April 2022 is 13th May 2022. But if the same party is not in QRMP Scheme then we can not claim ITC because Non-QRMP parties are required to file GSTR-1 return for April 2022 and that due date is 11th May 2022.

    1 thought on “Very Important Point To Keep in Mind While Availing Self- Assessed ITC From GSTR-2A”

    1. Mathialagan S

      What is the use of linking aadhar with pan.though linked, the address was not updated as in aadhar even after entering the portal further my father name is horrible at Pancard this is not also changed then what is the use of these portals?.

    Leave a Comment

    Your email address will not be published.