GST Deferred Input as per notification 49
This query is : Resolved
CA Parul Saxena
(Querist)
17 December 2019
If input not claimed as per notification 49 i.e. 20% capping whether such input to be transferred to deferred input account in books of accounts?
17 December 2019
As per the notification ITC admissible would be 120% of the eligible ITC reflected in GSTR-2A of the month or eligible ITC available in books of accounts, whichever is lower.So no question to create deferred input account .
CA Parul Saxena
(Querist)
17 December 2019
My question is very clear please don't reply if you don't know. I am asking if eligible itc available in books is higher than 120% of ITC appeared in 2A then in books whether we have to transfer the excess amount to Deferred input account to claim it in next month ?
17 December 2019
1st of all you should learn how to write mail before replying in this way .
You should instruct your suppliers to upload the same , so that the same will reflected in your GSTR 2A and you avail the ITC.
You should instruct your suppliers to upload the same , so that the same will reflected in your GSTR 2A and you avail the ITC.
CA Parul Saxena
(Querist)
17 December 2019
Some people just reply just to get high point and to get noticed. Even now you are not getting my point. I am not asking what should i do to get gst reflected in 2A. I am just asking if my input in books is higher than 120% limit then excess input should i transfer to deferred input account?
17 December 2019
Yes you can transfer to GST Deferred Input A/c .
I am not replying for only points or publicity madam.I request to don't write in this way in this type of forum.I ensure from next time I should not reply to your Queries.
Thanks
I am not replying for only points or publicity madam.I request to don't write in this way in this type of forum.I ensure from next time I should not reply to your Queries.
Thanks
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