sir,
new rule of ITC plz clearfy
As per Notification 49/2019 CT
New sub rule(4) inserted in rule 36 of CGST Act :
Available ITC As per New Rule :
=2A+20% or Book ITC for the Period , whichever is Less
AJAY KUMAR (accountant) (213 Points)
08 November 2019
Pankaj Rawat
(GST Practitioner)
(55030 Points)
Replied 09 November 2019
Sivaramakumar
(GM-ACCOUNTS)
(142 Points)
Replied 10 November 2019
YOUR INPUT CLAIM AVILABLE AS PER GSTR 2A + 20% IS THE MAXIMUM AMOUNT THAT YOU CAN IN A TAX PERIOD
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