ITC limit under rule sec 36(4) revised to 5 percent from 10 percent

The Central Board of Indirect Taxes and Customs has released theCentral Goods and Services Tax (Fourteenth Amendment) Rules, 2020, thereby making amendments in Rule 36(4) wherein, the limit has been revised to 5% instead of the earlier 10%. In addition to this, mandatory payment has been revised to

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Attached File : 40_19020_223874.pdf

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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