Claim of Credit: Fulfillment of ITC Conditions Over GSTR-2B Auto-Population

Claim of Credit: Fulfillment of ITC Conditions Over GSTR-2B Auto-Population

Introduction

Navigating the intricate web of Goods and Services Tax (GST) regulations requires not just understanding the law but also its practical applications. One such critical aspect revolves around the claiming of Input Tax Credit (ITC), particularly in scenarios where discrepancies arise between invoice dates and the period of eligibility for ITC. A recent ruling by the Telangana Authority for Advance Rulings (AAR) sheds light on the precedence of conditions fulfillment over the automatic population of data in GSTR-2B.

Facts of the Case

Issue

The crux of the matter lies in determining whether Noori Travels can rightfully claim ITC on the motor vehicle despite its invoice date predating their eligibility period for claiming ITC.

Held

The Telangana AAR, in TSAAR ORDER NO.08/2024, provided the following ruling:

Conclusion

The ruling underscores the primacy of fulfilling ITC conditions over mere auto-population of data in GSTR-2B. It highlights the significance of aligning transactional timelines with regulatory requirements to safeguard ITC claims.

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