Renuka Sales, a registered supplier, receives 100 invoices (for inward supply of goods/ services) involving GST of 10 lakh, from various suppliers…

ITC to be claimed by Renuka Sales in its GSTR-3B for the month of January to be filed by 20 th February will be computed as under- Invoices Amount of ITC involved in the invoices (₹) Amount of ITC that can be availed (₹) 80 invoices furnished in GSTR-1 6 lakh 6 lakh [Refer Note 1] 20 invoices not furnished in GSTR-1 4 lakh Nil [Refer Note 2] Total 10 lakh 6 lakh Notes: (1) 100% ITC can be availed on invoices furnished by the suppliers in their GSTR-1. (2) Input tax credit in respect of any supply of goods or services or both is available to a registered person only, inter alia, if the details of the invoice/debit note in respect of said supply has been furnished by the supplier in the statement of outward supplies (GSTR-1) and such details have been communicated to the recipient of such invoice/debit note in the manner specified under section 37. Thus, in respect of 20 invoices not furnished in GSTR-1s, no ITC is available.