as per new itc claim rules of extra 20 % ....
wanted to knw whether we can claim
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 22 November 2019
Can You elaborate Your query with more details...?
Sivaramaraju G
(Learner)
(2398 Points)
Replied 23 November 2019
No extra ITC you can claim. The provision is if your supplier doesn't upload the invoices then maximum ITC you can claim regarding those invoices are 20% of invoices uploaded related to that month i.e 20% on 2A balance for non uploading invoices by suppliers. Simply they are saying 120%of GSTR 2A balance. There is no extra benefit here in fact it is restricting the claim of ITC.
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