VATupdate

Share this post on

Input Tax Credit restriction in GST

Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers under sub-section (1) of section 37, shall not exceed 20 per cent. of the eligible credit available in respect of invoices or debit notes the details of which have been uploaded by the suppliers under sub-section (1) of section 37.”.

Source: taxmann.com

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com