🚫 GST ITC Blocked? Do you know the reason? 🤔#InputTaxCredit #GSTCompliance #TaxUpdate #FinanceTips

🚫 GST ITC Blocked? Do you know the reason? 🤔

Claiming Input Tax Credit may seem simple…
but one small mistake can block your ITC! ⚠️

👉 Common Reasons for ITC Blockage:

❌ Supplier has not filed GSTR-1 – Invoice won’t reflect in GSTR-2B
❌ 180 Days Payment Rule – Delay in payment? ITC must be reversed + interest
❌ Rule 86B restriction – 99% ITC utilisation not allowed in certain cases
❌ Fake invoice / non-genuine supplier risk

💡 Pro Tip:
Before claiming ITC, always verify supplier compliance:
✔ GSTR-1 filed?
✔ GSTR-3B filed?
✔ Invoice reflecting in GSTR-2B?

📌 Save this post before filing your next GST return!
#GST #InputTaxCredit #GSTCompliance #TaxUpdate #BusinessOwners #FinanceTips

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