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Itc credit taken new 5 percent as per gstr2b
A gst registered dealer itc credit taken 5 percent as per gstr2b from January-21 returns applicable
Replies (4)
Quick Summary
NO , ONLY ITC OF BILLS SHOWN IN GSTR-3B AVAILABLE
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.
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.
From Jan Return, Credit as per 2B only available
From January GST return , u can take take ITC as reflected in GSTR 2B only
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