5% provisional ITc

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As per CGST Rule 36(4), it is stated that only 5% Provisional ITC in FORM GSTR-3B. I have missed to take avail itc from previous months invoice. so can i claim that ITC in this month. doing so, it will be more than 5% of GSTR2A. Is it ok to proceed.

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You can claim excess input tax credit ( ITC ). But if you receive a notice from GSTN then should be able to answer it with valid reasons. You can check with your auditor and have valid reasons with you

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5% provisional ITc

rajesh

As per CGST Rule 36(4), it is stated that only 5% Provisional ITC in FORM GSTR-3B. I have missed to take avail itc from previous months invoice. so can i claim that ITC in this month. doing so, it will be more than 5% of GSTR2A. Is it ok to proceed.

Bhavika Kothari

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5% provisional ITc

rajesh

As per CGST Rule 36(4), it is stated that only 5% Provisional ITC in FORM GSTR-3B. I have missed to take avail itc from previous months invoice. so can i claim that ITC in this month. doing so, it will be more than 5% of GSTR2A. Is it ok to proceed.

Bhavika Kothari

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