sir,
new rule of ITC plz clearfy
As per Notification 49/2019 CT
New sub rule(4) inserted in rule 36 of CGST Act :
Available ITC As per New Rule :
=2A+20% or Book ITC for the Period , whichever is Less
2 Replies
Sivaramakumar
(GM-ACCOUNTS)
(142 Points)
Replied 10 November 2019
YOUR INPUT CLAIM AVILABLE AS PER GSTR 2A + 20% IS THE MAXIMUM AMOUNT THAT YOU CAN IN A TAX PERIOD
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
