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Important things for GST taxpayers in 2020.


Veronika Desai   04 February 2020

Veronika Desai

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Restriction on claim of ITC: In order for decisions made in the GST Council meeting to be effective in the light of the video Notification No. 75/2019-Central Tax of 26 December 2019, Central Board of Indirect Taxes & Customs (CBIC) announced a special amendment to the Central Goods and Services Tax Rules 2017 (CGST Rules) which reduces the percentage of ITC eligible available for Availment which is not specified by the supplier.

 




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