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