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Gstr 2A 20persent ITC


AJAY KUMAR (accountant)     23 November 2019

AJAY KUMAR
accountant 
 5 likes  153 points

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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

avater

NAVEEN CHAND (Just keep going. You never know how far you can go.)     23 November 2019

NAVEEN CHAND
Just keep going. You never know how far you can go. 
 875 likes  12407 points

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20 % of the eligible input (invoice wise) 

Ramahari Dash (accountant)     23 November 2019

Ramahari Dash
accountant 
 3 likes  44 points

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

avater

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.

1 Like
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AJAY KUMAR (accountant)     23 November 2019

AJAY KUMAR
accountant 
 5 likes  153 points

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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

avater

Ramanamurty Penumarti   23 November 2019

Ramanamurty Penumarti

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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.

avater

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

RAJA P M
"Do the Right Thing...!!!" 
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Take ITC head wise...

avater

Shivam RC (Student)     24 November 2019

Shivam RC
Student 
 2352 likes  18520 points

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Take Input Tax Credit ( ITC ) HEAD wise


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