Monday, November 25, 2019

20% GST ITC, 100% Tension to taxpayers

Courtesy: CA Umesh Sharma Arjuna (Fictional Character): Krishna, a circular was issued on 11/11/2019, which restricted ITC claim, maximum ITC that can be claimed now is 20% above the ITC as appearing in GSTR-2A as per new rule 36(4) w.e.f. 09/10/2019 onwards.  So, what is it? Krishna(Fictional Character): Arjuna, taxpayer can now claim 120% of ITC as appearing […]

from GST India-Goods and Services Tax in India https://ift.tt/34ispY9

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