Query regarding availment of 20% ITC reflected in form 2A
This query is : Resolved
21 December 2019
whether the 20% rule of ITC available is applicable on respective tax credits (IGST,CGST,SGST) or it can be utilised for any type of tax head credits. whether itc needs to be considered in aggregate or (IGST,CGST,SGST) wise indiviually?
21 December 2019
20% rule applicable in all the heads separately...
23 December 2019
Seems 20% changed to 10%, pl comment.
23 December 2019
Yes Mr Shri. CA B Chackrapani Warrier Sir...
The ITC rule will be change 20% to 10% in the 38th GST Council meeting. But, No more notifications about the same. We will wait for the same and it's applicable date...
The ITC rule will be change 20% to 10% in the 38th GST Council meeting. But, No more notifications about the same. We will wait for the same and it's applicable date...
23 December 2019
20% of the ITC under all the separate heads.
07 January 2020
Thank you for solving doubt
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Form 121 & TDS deduction
- ITR U for F.Y-2024-2025 From Yesterday
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
