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10% restriction

VEENAKSHI SACHDEVA (CHARTERED ACCOUNTANT) (29 Points)

18 February 2020

For calculating 10% limit of gstr 2A, which date GSTR 2A should be considered

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7 Replies

Ravinder Singhal (Compliance) (497 Points)
Replied 18 February 2020

When you filing your monthly 3B and claiming input

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 18 February 2020

Yes... I agreed to Mr Ravinder Singhal view...

@ Mr VEENAKSHI SACHDEVA.,

You can use the calculations at the time of filling GSTR 3B return...

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 19 February 2020

As per Notification 75/2019 CT ,read with the amended Notification 49/2019 CT , it's 12th of Every month ( due date of GSTR 1)

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 19 February 2020

No... it's not consolidated. It's calculate head wise...

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 19 February 2020

Wrong reply here guys... .....

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 19 February 2020

kindly read circular 123/42/2019 GST Therein the example given which is states, need to be computed consolidated

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 19 February 2020

Yes... The said circular calculate for example of values. It's not taken consolidated...

If Mr A's ITC in books Rs 100000 in each three heads as 3l. in GSTR 2A showing 95k in CGST, 95k in SGST & 0 in IGST.
As per amended rule I can't claim IGST as per above... Also the same if IGST Tax showing in 2A not C/SGST then only will claim IGST not C/SGST...