Utility for compliance of CGST Rule 36(4)- Restriction on ITC Claim

Utility for compliance of Rule 36(4) – This utility is prepared in view of notification regarding new rule 36(4) and circular no. 123 to determined maximum ITC (B2B) that can be availed while filing GSTR 3B.

As per the new rule 36(4) inserted vide Notification No. 49/2019 dated 09^th October 2019,  a taxpayer can claim provisional Input Tax Credit (ITC) only to the extent of 20% of the eligible credit available, in respect of invoices or debit notes, the details of which have been uploaded by its suppliers. Same is been further reduced to 10%.

ALso Read- GST RULE 36(4) – ITC availment Restriction– Issues & way Forward