Sir/Mam , Max ITC to be claimed for which Invoice has not been uploaded as per Rule 36(4) is 10% of ITC uploaded. Query- 10% OF ITC uploaded should be checked on PER INVOICE BASIS OR ALL THE UN-UPLOADED INVOICES TOGETHER ??
2) ITC to be claimed for un-uploaded invoice as per Rule 36(4) is – 10% of ITC of Invoices uploaded OR 100% of ITC of un-uploaded invoice, whichever is lower. Do you agree ??
3) What is the meaning of “eligible credit” as per Rule 36(4) ?
Thanks ..
chirag111 Asked question November 28, 2020
- To be seen on consolidated basis.
- Yes.
- Eligible credit means credit that can be availed. Thus it excludes credit blocked u/s 17(5) of the CGST Act.
Team Clearmytax.in
Frah Saeed Changed status to publish November 30, 2020