ITC under Rule 36(4) reduced to 10% ?

narendra (Accountant) (281 Points)

19 December 2019  

As per the 38th meeting of GST Council held yesterday (18th Dec 2019), it is recommended to reduce 20% limit on ITC under rule 36(4) to 10%.

Tomorrow is the due date for filing Nov-2019 GSTR-3B. In that return, do we have to restrict ITC as per 36(4) to 10% only?

Please advise.