10% capping excel utility
Juned Ahmad (Accountant) (111 Points)
10 October 2020
Can any body send me 10 % capping excel utility
3 Replies
Juned Ahmad
(Accountant)
(111 Points)
Replied 10 October 2020
For ITC calculation as per 10 % capping
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 11 October 2020
Calculation :
You can take ITC up to, Whichever is Lesser :
1) 110% of ITC reflected in 2A or
2) ITC as per books of account
You can take ITC up to, Whichever is Lesser :
1) 110% of ITC reflected in 2A or
2) ITC as per books of account
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