Itc new rule


rajesh tiwari   09 November 2019

rajesh tiwari

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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

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

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

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rajesh tiwari   09 November 2019

rajesh tiwari

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

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

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

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Surjeet Negi   09 November 2019

Surjeet Negi

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

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subhagan sreerangam   09 November 2019

subhagan sreerangam

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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.

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rajesh tiwari   09 November 2019

rajesh tiwari

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Thanks for your kind information

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

RAJA P M
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You are most welcome dear


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