Credit of Input Credit
This query is : Resolved
Quick Summary
Deepak Rawat
(Querist)
16 July 2020
Hi, Please guide
I have purchased some material and booked input in May 2020. But same bill will be reflected in next month's 2A e.g. June 2020 as the Vendor file GSTR1 on quarterly basis.
Thus, please guide can I claim full Input Credit in the month of May 2020 ? Or i am entitled to get only 10% of Input Credit as the same doesn't reflect in the 2A of May 2020 ?
I have purchased some material and booked input in May 2020. But same bill will be reflected in next month's 2A e.g. June 2020 as the Vendor file GSTR1 on quarterly basis.
Thus, please guide can I claim full Input Credit in the month of May 2020 ? Or i am entitled to get only 10% of Input Credit as the same doesn't reflect in the 2A of May 2020 ?
CA R SEETHARAMAN
(Expert)
16 July 2020
Claim full Input Credit in the month of May 2020. Rules relaxed due Covid 19.
Gokul Sharma
(Expert)
16 July 2020
This rules has no sense .........there is many mistakes in practically drafting GST.
Deepak Rawat
(Querist)
17 July 2020
Thank U Sir @ CA R Seetharaman...
Plz guide, what if there is no Covid relaxation ?
Plz guide, what if there is no Covid relaxation ?
CA R SEETHARAMAN
(Expert)
17 July 2020
You can claim only 10% if there's no relaxation.
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