10% capping excel utility

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Accountant
111 Points Posted on 10 October 2020
Can any body send me 10 % capping excel utility
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On 10 October 2020 at 22:35 Report
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This discussion is about finding an Excel utility to help calculate the 10% capping rule for Input Tax Credit (ITC). The calculation involves determining the lesser of two amounts: 110% of the ITC reflected in your GSTR-2A, or the ITC as per your own books of account. Users are seeking a ready-made Excel tool to simplify this process.

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Tax consultant
5895 Points Posted on 10 October 2020
What for
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On 10 October 2020 at 22:59
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Accountant
111 Points Posted on 10 October 2020
For ITC calculation as per 10 % capping
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On 10 October 2020 at 23:27
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Tax and Business Consultant
11616 Points Posted on 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
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On 11 October 2020 at 04:39

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