GST: Input Tax Credit Restrictions applicable w.e.f. 01st January 2021
A. Rule 36(4) of Central Goods & Services Tax Rules restricting ITC to 5% of total ITC reflecting in GSTR-2A Rule 36(4) of the Central Goods and Services Tax Rules (hereinafter referred as ‘Rules’) has been inserted by notification No.49/2019 Central Tax dated 09.10.2019 with effect from 09.10.2019 under section 164 of the Act, which restricts the credit […]