You Cannot Claim ITC within GST Now

Greetings!

It is important to understand that times change. And, with it, norms and procedures also change. It’s natural for changes to happen because they help improve processes.

Similarly, we have seen a phase in GST where:

1. You have invoice, so you will receive input.

2. If you have invoice but it doesn’t reflect in GSTR 2A, you will still receive input within a limit.

3. You have invoice. But since it doesn’t reflect in GSTR 2A, you won’t receive input.

4. You have invoice. It reflects in GSTR 2A, but doesn’t show in GSTR 2B, so you won’t receive input.

But this is a new phase, where you won’t receive input even when invoice reflects in GSTR 2B.

You might say you are referring to scenarios where you receive goods a month after the bill has been generated by the vendor.

We understand, and you’re right only to an extent. Why? Because Section 38 has come into existence. It mentions that, under above circumstances, you will not be able to claim input even if it shows in GSTR 2B.