Input Tax Credit of F.Y. 2021-22 to be claimed in October 2022 GSTR-3B

The time limit to claim Input tax credit on invoices or debit note pertaining to previous year 2021-22 is 31.10.2022 as the amended provision states that the taxpayer can claim input tax credit till the compliances to be done before 30th November. The return to be filed before 30th November is the return viz GSTR-1/GSTR-3B to be filed by 11th/20th Nov, 2022.

Thus the taxpayer is required to carryout GSTR-2B reconciliation for F.Y. 2021-22 on YTD basis. In case if any invoice is missing in GSTR-2B as on today, the same should be informed /communicated to supplier so that he can furnish the same in his GSTR-1 to be filed by 11th Nov, 2022 which is the compliance to be filed before 30th November. The supplier can also incorporate invoice details, rectify or furnish the invoice of previous year in GSTR-1 to be filed by 11th Nov 2022.

Similarly, if any invoice is appearing in GSTR-2B but not accounted in books of account then the same can be accounted and input tax credit can be claimed thereon.

From 01.01.2022 the claim of Input tax credit allowed is based on the invoice that appears in GSTR-2B. Since, October month GSTR-1/3B is last return in which the previous year invoice/debit note can be furnished, rectify etc. the follow up by recipient with the supplier is most important to claim input tax credit.