New reules of itc

ITC / Input 270 views 2 replies
sir,
new rule of ITC plz clearfy
Replies (2)
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

YOUR INPUT CLAIM AVILABLE AS  PER GSTR 2A + 20% IS THE MAXIMUM AMOUNT THAT YOU CAN IN A TAX PERIOD


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