Query regarding availment of 20% ITC reflected in form 2A

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Mini Gupta (Querist)
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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?

RAJA P M

RAJA P M (Expert)
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21 December 2019 20% rule applicable in all the heads separately...

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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23 December 2019 Seems 20% changed to 10%, pl comment.

RAJA P M

RAJA P M (Expert)
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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...

Puja Sharma

Puja Sharma (Expert)
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23 December 2019 20% of the ITC under all the separate heads.

Mini Gupta

Mini Gupta (Querist)
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07 January 2020 Thank you for solving doubt

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