10% extra provisional itc

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This query is : Resolved

Quick Summary

Under Rule 36(4), businesses can provisionally claim up to 110% of their eligible Input Tax Credit (ITC) if the invoices are not reflected in their GSTR-2A. This 10% extra claim is calculated based on the invoice value, not the GSTR-2A amount. The specific heads for this ITC claim (CGST, SGST, IGST) will depend on whether the supply is inter-state or intra-state.

vin

vin (Querist)

18 March 2020 Dear Expert,
Is there any rule for claiming extra 10%Itc of eligible credit in gstr2a in which head be it CGST,SGST ,IGST

Eswar Reddy S

Eswar Reddy S (Expert)

18 March 2020 If you have proof of invoice for ITC and if it is not appearing in GSTR-2A then you may claim ITC incess of ITC appearing in GSTR-2A. But 10% of ITC as per invoice& it is not 10% GSTR-2A credit

CA Anita Bhadra

CA Anita Bhadra (Expert)

18 March 2020 Yes, Rule 36(4) - A taxpayer can claim provisional Input Tax Credit (ITC) to the extent of 110% of the eligible credit available in GSTR-2A.
Heads will depend on your supply - Inter/ Intra State

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