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Utilization of ITC

srikumar (audit staff) (1162 Points)

25 April 2019  
dear sir, new rules for gst utilization of itc, applicable from when July 2019 or April 2019,?

gst 3b itc setoff is apply old rules, new rules apply or not ?

 4 Replies

Deepak Gupta (CA Student) (15847 Points)
Replied 25 April 2019

Para 6 of Circular No. 98/17/2019-GST, dt. 23.04.2019

Presently, the common portal supports the order of utilization of input tax credit in accordance with the provisions before implementation of the provisions of the CGST (Amendment) Act i.e. pre-insertion of Section 49A and Section 49B of the CGST Act. Therefore, till the new order of utilization as per newly inserted Rule 88A of the CGST Rules is implemented on the common portal, taxpayers may continue to utilize their input tax credit as per the functionality available on the common portal.

srikumar (audit staff) (1162 Points)
Replied 25 April 2019

which month return is new rules applicable

setu shah (GST CONSULTING AND AUDIT)   (229 Points)
Replied 25 April 2019

As per old calculation ....please read circular dt 23/4/19

Sajal Mandal (282 Points)
Replied 25 April 2019

New set off rules applicable from March, 2019
From April it is work on GST portal

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