LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

ITC for October 2019

15 November 2019

If the ITC taken according to the amendment Rule 42/2019 will have to pay more GST,can the entire ITC claim the October month invoices.

Reply
Follow
Share

4 Replies

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 15 November 2019

Yes... You can.
Consider the amendment rule monthly, quarterly & annually wise

subhagan sreerangam (7039 Points)
Replied 15 November 2019

Mr.Rajaji sir please clarify the following doubt.ITC as per invoices for the month of October 2919 (As per Purchase in Books of Accounts ) ₹.120670/- each in CGST &SGST respectively. But ITC reflected in GSTR 2A ₹ 86400/- each in CGST & SGST.In this case can I take ITC ₹ 120670/- each in CGST & SGST as per amendment Rule 123/42/2019 Yearly basis.

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 15 November 2019

Originally posted by : subhagan sreerangam
	Mr.Rajaji sir please clarify the following doubt.ITC as per invoices for the month of October 2919 (As per Purchase in Books of Accounts ) ₹.120670/- each in CGST &SGST respectively. But ITC reflected in GSTR 2A ₹ 86400/- each in CGST & SGST.In this case can I take ITC ₹ 120670/- each in CGST & SGST as per amendment Rule 123/42/2019 Yearly basis.

As per my view (only my view) You can claim itc based on Your books which is inward supplies. Also follow with your suppliers for filing their GSTRs... Consider the rule with Quarterly...