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Itc credit taken new 5 percent as per gstr2b

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B.com
3024 Points Posted on 26 January 2022
A gst registered dealer itc credit taken 5 percent as per gstr2b from January-21 returns applicable
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On 26 January 2022 at 20:59 Report
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Chartered Accountant
86505 Points Posted on 26 January 2022
NO , ONLY ITC OF BILLS SHOWN IN GSTR-3B AVAILABLE
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On 26 January 2022 at 22:51
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GST Practitioner
55067 Points Posted on 27 January 2022
The 5% additional to eligible ITC reflected in 2B is available for Dec month return .

Note
As per Notification 40/21 CT the capping of 5% is scrap from 1/1/21 , hence it's applicable from Jan month return.
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On 27 January 2022 at 00:11
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Account Manager
167 Points Posted on 27 January 2022
From Jan Return, Credit as per 2B only available
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On 27 January 2022 at 18:00
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Chief Accountant
3150 Points Posted on 28 January 2022
From January GST return , u can take take ITC as reflected in GSTR 2B only
1 Reply
On 28 January 2022 at 10:58


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