Rule 36(4) Application query

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This query is : Resolved

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This discussion addresses confusion surrounding the application of Rule 36(4) regarding Input Tax Credit (ITC) claims. The user highlights a discrepancy in the comparison report, which now shows data as per Form 2B after June 2020, instead of the previously used Form 2A. This change makes it difficult to calculate the 10% eligible ITC as per the rule, as the basis for calculation (Form 2A figures) is no longer consistently available. The response suggests downloading Form 2A for matching and claiming ITC, clarifying that Form 2B is currently for reference only until officially notified.

CA Parul Saxena

CA Parul Saxena (Querist)
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13 October 2020 Earlier a comparison table was there on portal in which Input as per 2A and 3B comparison was shown. But now comparison report consist of values of 2A upto June 2020 and thereafter values as per 2B for july-Sep2020,.

In the absence of comparison report how application of Rule 36(4) is possible?
If we don't have fig as per 2A how 10% of the same can be calculated?

Lekhraj sood

Lekhraj sood (Expert)
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13 October 2020 You can download your 2A and do the matching and claim the ITC. 2B is only for your reference until it is notified.

CA Parul Saxena

CA Parul Saxena (Querist)
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13 October 2020 I am talking about comparison report....why comparison report is not on the basis of 2A...upto it is but thereafter it is as per 2B...isn't it wrong?

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