UNCLAIMED ITC OF FY 2019-20
This query is : Resolved
21 August 2020
Unclaimed ITC for Fy 2019-20 is claimed in the Month of May - 2020. However it is over and above 110% of GSTR2A ITC for the month of May 2020. What would be the effect for this in the month of September 2020. (Since 110% of ITC will be accumulated Feb-Sep 2020). Do i need to reduce my September 2020 ITC to that extend which i claimed excessively in the month of May 2020.
21 August 2020
You have to ensure that for the block of the period from Deb 20 to August 20, the credit availed is compliance to rule 36(4).In between the months if you have taken less or more then that should be fine.
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
