Confusion of any gst registered regualr dealer purchases of goods ( ITC claim) as per sec 36(4) and 16(4) in cgst act.
Question:
Above section when transactions applicable.
Frah Saeed Answered question May 16, 2020
The provision in regard to time limit for availing of ITC as laid down u/s 16(4) and restriction in regard to invoices not uploaded by supplier as contained in Rule 36(4) apply to all tax payers. However application of 36(4) has been deferred for tax periods Feb to August, 2020 and will be applied on cumulative basis in Sept, 2020.
For detailed understanding in this regard please refer to our article in this regard published on 7th April, 2020.
Team Clearmytax.in
Frah Saeed Answered question May 16, 2020