Query regarding availment of 20% ITC reflected in form 2A
This query is : Resolved
Mini Gupta
(Querist)
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?
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...
Puja Sharma
(Expert)
23 December 2019
20% of the ITC under all the separate heads.
Mini Gupta
(Querist)
07 January 2020
Thank you for solving doubt
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