Menu
ITC new rule in GST
what will happen to quarterly return ITC .we have to wait for three months to claim ITC?
Replies (4)
Why...?
You can claim ITC as per bills. But, Consider the rule with quarterly...
Before that Follow Your suppliers for filling their returns.
You can claim ITC as per bills. But, Consider the rule with quarterly...
Before that Follow Your suppliers for filling their returns.
You can claim the credit. however, the difference of credit available in PR and 2a would be restricted to 20%. so matching would be on tax period wise. Big task ahead.
But it doesn't allow above120%
all purchases from Q R1 ,then no ITC
all purchases from Q R1 ,then no ITC
Yes correct that why periodic matching would be required.
Recent Topics :
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
Related Topics :
CAclubindia
