20 % ITC of October

The central government vide Notification no 49/2019 central tax dated 9/10/2019 has made amendments to CGST Rules, 2017. One of the amendments is insertion of sub-rule (4) to rule 36 which is reproduced as follows: Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers in GSTR-1 ( and consequently does not appear in GSTR-2A)  under sub-section (1) of section 37, shall not exceed 20 per cent of the eligible credit available in respect of invoices or debit notes the details of which have been uploaded by the suppliers under sub-section (1) of section 37.’

To know more about 20% Input Tax Credit Rule

How to Identified that Supplier will file return at the time taking Input Tax Credit in Input Service & Goods 

Supplier will file return or not

If Supplier not filled return that how to take Credit 

Originally posted by : Tinku Roy
	So can i take itc on quarterly filing return suppliers basis..?

Yes... You can.

But, Better to check out Your supplier's (3months) return periodically...

Dear RAJA Sir

Please Guide this process

input can be availed on the basis of possession of invoice and goods received.

irrespective of quarterly or monthly filing suppliers