ITC claim restricted to 120% of GSTR 2A : Detailed analysis

CA Akshay Hiregange | Last updated: 20 November 2019

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The government has taken a pre-emptive action to curb incorrect Input Tax Credit (ITC) claims after various frauds were unearthed in the past year on claimed ITC on fake invoices, or through physically non-existent businesses. To ensure, ITC claimed is bona-fide and eligible, a new rule was i

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About the Author

CA Akshay Hiregange

Partner - Audit & Assistance

Qualified as Chartered Accountant in 2016. Currently, I am Partner of Audit Assistance divisionatHiregange and Associates (BLR). Has experience of 3 years in Internal Audits, Compliance and Assistance matters. Also, 5years and counting in Indirect Taxes, directing focus toward GST, including audit and consultancy mat ... Read more

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ITC claim restricted to 120% of GSTR 2A : Detailed analysis

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