Time Period of February, 2020 to August, 2020 to be considered cumulatively for availing GST Credit under Rule 36(4) of the CGST Rules
Last updated: 26 October 2023
Court :
Allahabad High Court
Brief :
The Hon'ble Allahabad High Court in the case of M/s. Vivo Mobile India Private v. Union of India and Others [Writ Tax No. 433 of 2021 dated September 5, 2023] allowed the writ petition and held that as per Rule 36(4) of the Central Goods and Services Tax Rules, 2017 ("the CGST Rules"), the time period of February 2020 to August, 2020 would be considered cumulatively for calculating the amount of eligible Input Tax Credit ("ITC") for the invoices or debit notes, details of which has not been furnished, prescribing a limit of 10 per cent of the eligible ITC, pertaining to invoices or debit notes furnished by the supplier.
Citation :
Writ Tax No. 433 of 2021 dated September 5, 2023
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Bimal Jain
Published in GST
Views : 127
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