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 ?
Utilization of ITC
Replies (4)
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.
which month return is new rules applicable
As per old calculation ....please read circular dt 23/4/19
New set off rules applicable from March, 2019
From April it is work on GST portal
From April it is work on GST portal
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
