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Ca Jatan Jain

Latest Posts by Ca Jatan Jain

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

February 28, 2020 2037 Views 0 comment Print

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 09th October 2019,  a taxpayer can claim […]

Download GST Invoice Wise Reconciliation Utility

February 27, 2020 3132 Views 0 comment Print

Invoice wise Reconciliation – Although the purpose is fulfilled through Party wise utility but to be more precise this utility is developed. It works on the criteria of Invoice number + GST number and the respective tax amount. As an additional feature, the user may ignore the desired amount (i.e., rounding up) in the process […]

Download GST Partywise Reconciliation Utility

February 26, 2020 10464 Views 1 comment Print

Party wise Reconciliation – While reconciling ITC as per 2A and ITC (B2B) as per books of accounts with the criteria of invoice number only, there are several problems being faced. Firstly, mismatch of invoice number due to minor clerical error in entering the invoice number in books, which led to mismatch of large number […]

Download GST 2A Convertor

February 25, 2020 3282 Views 0 comment Print

2A Convertor – When documents are downloaded from GSTN portal (i.e. 2A), it is not compatible for further analysis/scrutiny. This utility helps in making it compatible, comparable with books and convert in single line item with all credit notes prefixed by minus (-) sign. It is very useful for the person not using any software/tool […]

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

February 25, 2020 47502 Views 3 comments Print

As you are aware, Rule 36(4) of the CGST Rules 2017 notified w.e.f. 09.10.2019, restricts availment of credit to 120% of the eligible credit based on invoices/debit notes uploaded by the supplier in their GSTR-1. From 1st January 2020, the eligibility has got reduced to 110% of such eligible credit.

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