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Auto filled ITC availment

This query is : Resolved 

17 December 2020 Now auto generation of ITC is enabled, but this shows only the ITC from the monthly invoices and not year to date. Please advise if 10% limit over the auto generated ITC is applicable on the basis of monthly figure or year to date figure, i.e on basis of invoices appearing in GSTR2A for April - November period or only on basis of invoices appearing in November month GSTR2A while claiming ITC for month of November?

17 December 2020 It is on monthly basis but your reconciliation has to be cumulative and you should take correct credit even if it is more than the out populated amount.


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