If january month GSTR 2B IGST Input Rs.100000 SGST Input Rs. 50000 CGST input Rs.50000,
1.Provsional itc 105% is calculated for igst, sgst, and cgst seperately ( IGST inputRs. 5000, Sgst input Rs.2500 cgst input Rs. 2500) or aggregate (5% on 200000)?
2.out of above of igst input Rs. 100000 Rs. 50000 input relating to December month filed by supplier in January month, in December month recipient already claimed provisional itc Rs.30000 relating to not uploaded invoice by the supplier, then for 105% itc calculation in January month how to calculate provsional itc? IGST input Rs. 50000+5%GST on 50000 or IGST input Rs. 20000+5% GST on Rs. 20000(Rs. 50000-Rs. 30000)?
Menu
GST related query
Replies (2)
Quick Summary
Don't go into complications of taking 105%. You will face immense trouble in reconciling it. Take only actual ITC as per GSTR-2B. If already taken in previous months don't take in this month
Sir plase reply in this situation urgent
Recent Topics :
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
Related Topics :
CAclubindia
