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ITC reflected in GSTR-2B is the basis for self-assessed ITC. If a supplier's invoice does NOT appear in GSTR-2B:
ARecipient can still claim ITC on the strength of physical invoice
BITC is allowed only with CA certification
CITC is allowed up to 5% of matching
DRecipient CANNOT claim ITC (Sec 16(2)(aa))
Answer & Solution
Correct answer: D. Recipient CANNOT claim ITC (Sec 16(2)(aa))
1. Sec 16(2)(aa) requires invoice details to have been furnished by the supplier and communicated to the recipient via GSTR-2B.
2. Absent that, the strict requirement is not satisfied — ITC cannot be availed.
3. Recipient's recourse is commercial (against supplier) — not against the exchequer.
_Source: ICAI BoS CA Final Paper 8, Ch 6 "Input Tax Credit", §Sec 16(2)(aa)_
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