Amendment in GST Input
chandan Tiwari (Student CA IPC / IPCC) (214 Points)
12 January 2021
What is latest amendment in GST Input Credit ??
9 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 12 January 2021
The total itc which can be claimed in gstr 3b is 105% of the eligible ITC appearing in the GSTR 2b of a particular period
chandan Tiwari
(Student CA IPC / IPCC)
(214 Points)
Replied 12 January 2021
I have physical invoice of suppliers but they didn't file theirs GSTR 1 and so not appear in GSTR 2B. How can I claim Input ??
ayusmita
(Tax consultant)
(5885 Points)
Replied 12 January 2021
You will take as per my knowledge 10% of those invoices
chandan Tiwari
(Student CA IPC / IPCC)
(214 Points)
Replied 12 January 2021
As per latest amendment it may be 100% from Jan 2021
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 January 2021
Agree with Ayusmita ji.
105% of Eligible ITC or ITC in books whichever is lower can be availed.
Rule 36(4) being amended by Notification 94/2020 CT effective from 1/1/2021
105% of Eligible ITC or ITC in books whichever is lower can be availed.
Rule 36(4) being amended by Notification 94/2020 CT effective from 1/1/2021
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