Missed GST Credit from FY 2025–26?
Complete the ITC reconciliation before the statutory time limit closes.
An invoice may be recorded in your accounts, but that alone does not protect your GST input tax credit.
If an eligible FY 2025–26 invoice is missed beyond the statutory limit, the credit may become unavailable. Businesses should therefore reconcile the purchase register with GSTR-2B well in advance.
Why eligible ITC may get missed
Supplier did not upload the invoice
The purchase is in your books, but the invoice does not appear in GSTR-2B.
Wrong GSTIN was entered
The supplier may have reported the invoice against another GST registration.
Invoice was recorded late
A March purchase may have been entered only after the annual accounts were finalised.
Credit was kept pending
Eligible credit may have been deferred earlier but not claimed in a later return.
Credit was reversed
A temporary reversal may remain unreclaimed even after the reason for reversal is resolved.
Import or RCM credit was missed
Import documents or reverse-charge tax payments may not have been properly reconciled.
Six steps to complete now
Download the complete purchase register
Prepare invoice-wise details for FY 2025–26, including GSTIN, invoice number, invoice date, taxable value and GST amount.
Compare the register with GSTR-2B
Match invoice numbers, dates, taxable values and tax amounts. Separate fully matched, partly matched and missing invoices.
Contact suppliers for missing invoices
Share the invoice list with suppliers and request them to verify their GSTIN, invoice details and return filing. Keep written follow-up records.
Review earlier ITC reversals
Check reversals relating to non-payment, ineligible use, common credits and other reasons. Examine whether any amount is now legally eligible for re-availment.
Remove blocked or ineligible credit
Appearance in GSTR-2B does not automatically make every credit eligible. Review personal expenses, blocked credits and invoices not used for business.
Claim eligible credit in the correct return
After reconciliation and eligibility review, report the eligible credit correctly in GSTR-3B before the applicable statutory cut-off.
Four conditions that still matter
Meeting the time limit alone is not sufficient. The general conditions for ITC include:
- Possession of a valid tax invoice, debit note or prescribed document.
- Receipt of the goods or services.
- Tax charged on the supply being paid to the Government, subject to the law.
- Furnishing of the applicable GST return.
Books versus GSTR-2B: suggested action
| Situation | Suggested review |
|---|---|
| In books and GSTR-2B | Check eligibility, duplication and whether already claimed |
| In books but not in GSTR-2B | Follow up with the supplier and verify reporting |
| In GSTR-2B but not in books | Check whether the purchase belongs to the business |
| Value or tax mismatch | Compare the original invoice and supplier filing |
| Credit reversed earlier | Review whether conditions for re-availment are satisfied |
Important for QRMP taxpayers
Do not assume that the October–December quarterly GSTR-3B filed in January will protect FY 2025–26 credit. That return falls after the 30 November statutory cut-off.
Quarterly filers should obtain an invoice-wise review of the applicable return period and complete the reconciliation early.
GSTR-2B appearance is not automatic eligibility
GSTR-2B is an important reconciliation statement, but credit must also satisfy the conditions of the GST law. Duplicate credit, blocked credit and non-business expenses should not be claimed merely because they appear in GSTR-2B.
Do not file the annual return too early
The Section 16(4) cut-off is 30 November or the date of filing the relevant annual return, whichever is earlier. Filing the annual return before completing the ITC review may therefore close the available time earlier.
Is your FY 2025–26 GST credit fully reconciled?
Contact our office for professional assistance with purchase-register and GSTR-2B reconciliation, ITC eligibility review, supplier follow-up lists and GSTR-3B compliance.
Phone: 7760252581
CBIC Circular No. 237/31/2024-GST
GST Portal – GSTR-2B FAQs
GST Portal – QRMP Advisory
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