Amendment in GST Input

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Student CA IPC / IPCC
214 Points Posted on 12 January 2021
What is latest amendment in GST Input Credit ??
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On 12 January 2021 at 12:57 Report
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This discussion clarifies the latest amendments to GST input credit rules, specifically concerning Rule 36(4) as amended by Notification 94/2020 CT, effective from 1st January 2021. It addresses the 105% cap on claiming Input Tax Credit (ITC) based on GSTR-2B and provides guidance on how to claim ITC for invoices where suppliers have not yet filed their GSTR-1, suggesting it may be up to 100% from January 2021.

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Tax consultant
5895 Points Posted on 12 January 2021
The total itc which can be claimed in gstr 3b is 105% of the eligible ITC appearing in the GSTR 2b of a particular period
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On 12 January 2021 at 13:44
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Student CA IPC / IPCC
214 Points Posted on 12 January 2021
I have physical invoice of suppliers but they didn't file theirs GSTR 1 and so not appear in GSTR 2B. How can I claim Input ??
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On 12 January 2021 at 14:05
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Tax consultant
5895 Points Posted on 12 January 2021
Which financial year
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On 12 January 2021 at 14:26
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Student CA IPC / IPCC
214 Points Posted on 12 January 2021
2021-22
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On 12 January 2021 at 14:31
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Tax consultant
5895 Points Posted on 12 January 2021

You will take as per my knowledge 10% of those invoices

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On 12 January 2021 at 14:33
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Student CA IPC / IPCC
214 Points Posted on 12 January 2021
As per latest amendment it may be 100% from Jan 2021
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On 12 January 2021 at 15:19
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Tax consultant
5895 Points Posted on 12 January 2021
Which notification
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On 12 January 2021 at 15:20
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student
59 Points Posted on 12 January 2021
Clinet have to file gstr1
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On 12 January 2021 at 21:44
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GST Practitioner
55067 Points Posted on 12 January 2021
Agree with Ayusmita ji.
105% of Eligible ITC or ITC in books whichever is lower can be availed.
Rule 36(4) being amended by Notification 94/2020 CT effective from 1/1/2021
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On 12 January 2021 at 23:36

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