ITC for October 2019

ITC / Input 299 views 4 replies

subhagan sreerangam

7059 Points Joined January 2017

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.

Replies (4)

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

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

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...!!!"

128116 Points Joined January 2015

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...