New restrictions to avail Input Tax Credit – Practical challenges to follow!

by | Nov 13, 2019 | Articles

The Central Government has recently introduced a restriction vide Rule 36(4) of the CGST Rules. This Rule provides that before availing input tax credit (ITC), one needs to ensure that maximum value i.e. 83% (100/120) of total invoices and debit notes are uploaded by the suppliers in Form GSTR-1, and value of matched invoices vis-à-vis unmatched invoices is 100:20.

Please find attached our article titled New restrictions to avail Input Tax Credit – Practical challenges to follow! providing critical analysis by our Associate Partner, Mr. Deepak Suneja and Associate, Ms. Raina Khera.

New restrictions to avail Input Tax Credit – Practical challenges to follow

 

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