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Gstr 2A 20persent ITC

AJAY KUMAR (accountant) (213 Points)

23 November 2019

sir,
how to calculate 20 present ITC on gstr 2a

it's calulation of single head wise or totality wise
means cgst against cgst and igst against igst or totality wise
plz clear

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7 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 23 November 2019

20 % of the eligible input (invoice wise)

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Ramahari Dash (accountant) (44 Points)
Replied 23 November 2019

Example suppose your eligible ITC is 500000
500000*20% =600000 total ITC you will taken

Ramanamurty Penumarti (70 Points)
Replied 23 November 2019

Nov ITC as books is 500000 , ITC as per nov 2a is 300000,based on this your total eligible ITC for Nov will be 300000 + 20% on 300000 i.e 60000/- total 360000.

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AJAY KUMAR (accountant) (213 Points)
Replied 23 November 2019

Question is ITC check in 2a head wise or totality wise

Igst. cgst. sgst. total
books. 5 2. 2 9

2A. 5. 1.5. 1.5. 8

0. .50. .50. 1

how to calculate total wise or head wise
total wise not paid gst
head wise balance c/F

Ramanamurty Penumarti (70 Points)
Replied 23 November 2019

Head wise only i.e igst as books to be matched with 2a igst and chat sgst as books to be matched with that of 2a.the balance if any in ITC as per books maybe carried to next month to avail.