Regarding 20percent ITC rule

What is ITC on 31.10.2019?

Good Question Mrs Elavarasi...
@ Kamlesh.,

What is Your ITC in end of the month/& GSTR 2A

ITC CLAIM WILL BE 250000+20000 TOTAL 270000

31st October as per books 350000
11th October as per gstr2A 98000
18th October as per gstr2A. 250000
and gstr3b not file till 18th October
so Howmany ITC taken in 3b 250000 or 98000

I think 18th October means 18th November... Right...?

Your available ITC in GSTR 2A 2.50 lakhs. But, in Your books 3.5 lakhs...

As per new rule You can claim ITC 3.0 lakhs
= 2,50000 * 20%
= 50000 + 250000
= 300,000/-

As 11th October 98k. But, Over all rule applicable as per GSTR 2A before or on or after 11th October...
So, No comments from my side on or before 11th October...

Yes sir sorry 18 November right

Before filing of GSTR3B means, manually we have to take cutoff for calculation of 20% cap ITC with GSTR2A. here in your case 18th Nov 2019 means 2.5 lacks * 20% provisional credit.

This is cumbersome exercise.