Gst question from 01-01-22

kollipara sundaraiah (B.com) (2891 Points)

28 December 2021

new rule sec 16(2) itc claim procedure from 01-01-22.

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4 Replies

Anshuman Basu (account -GST) (1546 Points)
Replied 29 December 2021

As per section 16(2) ITC will be take as per 2B. no extra will no permitted.

prasad Nilugal ( GST Practitioner & Accounts ) (14163 Points)
Replied 29 December 2021

You have to communicate with supplier , if not reflecting in 2B , second condition .

Bhavika Kothari (CA) (1258 Points)
Replied 21 January 2022

Yes, it is applicable from 1st Jan 2022. You can read all about it here https://irisgst.com/changes-in-provisional-itc-under-gst-latest-update/

CA Puja Sharma (Chartered Accountant) (4874 Points)
Replied 21 January 2022

From Jan 2022 onwards, ITC to be taken as per Form GSTR 2B.

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