Gstr 2A 20persent ITC


AJAY KUMAR (accountant)     23 November 2019

AJAY KUMAR
accountant 
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sir,
how to calculate 20 present ITC on gstr 2a

it's calulation of single head wise or totality wise
means cgst against cgst and igst against igst or totality wise
plz clear

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NAVEEN CHAND (GST Practitioner )     23 November 2019

NAVEEN CHAND
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20 % of the eligible input (invoice wise) 

Ramahari Dash (accountant)     23 November 2019

Ramahari Dash
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Example suppose your eligible ITC is 500000
500000*20% =600000 total ITC you will taken

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Ramanamurty Penumarti   23 November 2019

Ramanamurty Penumarti

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Nov ITC as books is 500000 , ITC as per nov 2a is 300000,based on this your total eligible ITC for Nov will be 300000 + 20% on 300000 i.e 60000/- total 360000.

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AJAY KUMAR (accountant)     23 November 2019

AJAY KUMAR
accountant 
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Question is ITC check in 2a head wise or totality wise

Igst. cgst. sgst. total
books. 5 2. 2 9

2A. 5. 1.5. 1.5. 8

0. .50. .50. 1

how to calculate total wise or head wise
total wise not paid gst
head wise balance c/F

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Ramanamurty Penumarti   23 November 2019

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Head wise only i.e igst as books to be matched with 2a igst and chat sgst as books to be matched with that of 2a.the balance if any in ITC as per books maybe carried to next month to avail.

RAJA P M ("Do the Right Thing...!!!")     23 November 2019

RAJA P M
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Take ITC head wise...

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Shivam RC (Student)     24 November 2019

Shivam RC
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Take Input Tax Credit ( ITC ) HEAD wise


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