Mam, 3 Invoices of Rs 1 lacs , Rs 20000 & Rs 10000 relates to Dec’2020 month. So, Total ITC @ 5% = 6500 [5000 + 1000 +500] . In GSTR-2B of Dec’2020, only Invoice of Rs 1 lacs was uploaded by supplier.
Invoice of Rs 20000 was uploaded in GSTR-2B of Jan’2021.
In GSTR-2B of Jan’2021 , there are many invoices of Jan month also. But Rule 36(4) should be complied on consolidated basis. Thus, we have to do invoice wise calculation for Dec’2020 month invoices in GSTR-2B of Jan’2021 ?
2) If no, then what will be the ITC as per Rule 36(4) in Jan month in above case ?
Naturally in order to ensure you don’t avail more than 100% credit you need segregate the invoices of Dec in GSTR-2B for January,2021 and avail credit accordingly.
As invoice of Rs 20,000/- with ITC of Rs 1000 is depicted in GSTR-2B of January, 2021 and thus further ITC of Rs 950/- can be availed now. (95% as 5% already availed earlier).
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