Itc new rule

09 November 2019

sir as one of my dealer get supply from registered suppliers but suppliers filed gstr1 on quarterly basis then how to claim itc plz clarify this

Reply
Follow
Share

7 Replies

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 09 November 2019

Claim ITC based on Valid Tax Invoices. Consider the ITC quarterly basis

rajesh tiwari (122 Points)
Replied 09 November 2019

If valif invoice is thear and the supplier filed rtn on time quickly basis can we claim itc month wise or not

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 09 November 2019

Yes... You can claim ITC month wise...
But Consider the 20% percent rule quarter basis.

Surjeet Negi (947 Points)
Replied 09 November 2019

MTD reconciliation would be required in your case. However CBIC yet to provide clarification on the same.

subhagan sreerangam (7059 Points)
Replied 09 November 2019

Can claim entire ITC based on Valid Tax Invoices for the month of October 2019, November 2019 and 20% ITC rule Consider the month of December 2019.

rajesh tiwari (122 Points)
Replied 09 November 2019

Thanks for your kind information

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 11 November 2019

You are most welcome dear

Start a New Discussion