banner_ad

ITC restriction applicability

ITC / Input 282 views 3 replies
CBIC has recently issued notification no. 49/2019-CT dated 9 October 2019,
according to which, ITC of unmatched credits, can now be availed only to the extent of 20 per cent of the eligible available credits reported in GSTR-2A.

This restriction is applicable from which period/month. Does this apply to GSTR 3B of sept 19 also?
Replies (3)
What are these links ?
"Save as otherwise provided in these rules, they shall come into force on the date of their publication in the Official Gazette."

This means the rules are applicable from 9th October, 2019. According to me this should not be applicable to GSTR 3B of September month, since we could've filed the same before 9th October as well. For the purpose of uniformity we can presume and interpret that these amendments are applicable from 9th October onwards. i.e. we need to comply with the rules for returns pertaining to the tax period commencing from 9tn October onwards..
Seems to be right justifications.
Thanks


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details