20 % ITC of October

ITC / Input 592 views 10 replies
Some of our suppliers are file GSTR1 monthly and some of are file quarterly nd few suppliers are seen in 2A so my question is can i take itc on quarterly filing return suppliers basis ? because as per rules 36 (4) its not permitted me..but in that notification there is a word that is DUE DATE .so plz reply and clarification thank you.
Replies (10)

The central government vide Notification no 49/2019 central tax dated 9/10/2019 has made amendments to CGST Rules, 2017. One of the amendments is insertion of sub-rule (4) to rule 36 which is reproduced as follows: Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers in GSTR-1 ( and consequently does not appear in GSTR-2A)  under sub-section (1) of section 37, shall not exceed 20 per cent of the eligible credit available in respect of invoices or debit notes the details of which have been uploaded by the suppliers under sub-section (1) of section 37.’

To know more about 20% Input Tax Credit Rule

So can I take itc on quarterly return filing suppliers basis ? because these invoice are not reflecting in GSTR2A ryt now...

How to Identified that Supplier will file return at the time taking Input Tax Credit in Input Service & Goods 

 

Supplier will file return or not

If Supplier not filled return that how to take Credit 

 

@ Mr Tinku Roy.,

If You have valid Tax Invoices then You can claim ITC and Consider the 20% rule as per Monthly & Quarterly basis...

( Note : insist Your suppliers for filling their returns timely).
So can i take itc on quarterly filing return suppliers basis..?
Originally posted by : Tinku Roy
So can i take itc on quarterly filing return suppliers basis..?

 

Yes... You can.

But, Better to check out Your supplier's (3months) return periodically...

Raja Sir.,

Can You explain this process please?

Dear RAJA Sir

Please Guide this process

input can be availed on the basis of possession of invoice and goods received.

irrespective of quarterly or monthly filing suppliers 


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