INPUT TAX CREDIT MECHANISM UNDER GST
INPUT TAX CREDIT MECHANISM UNDER GST
  • Legal provisions under GST related to availment of ITC
  • Eligibility of input tax credit section 17(5) of CGST ACT, 2017
  • Critical points to be taken care before 20-10-2021 (before September GSTR-3B due date) for the year 2020-21
  • Important rule 36(4) of CGST Rules, 2017 emphasizes ITC matching with Form GSTR-2A
  • Introduction of Clause (aa) u/s 16 of CGST Act, 2017 – 100% ITC matching with Form GSTR-2A
  • ITC reconciliation process