CA Ankit Agarwal and CA Divya Jain

Restriction on claim of ITC to 5% vide CGST (Fourteenth Amendment) Rules, 2020 The CBIC has introduced very important changes in GST as per new Notification No. 94/2020 dated 22nd December, 2020 which was applicable from 1st January, 2021. Out of all changes, one major change is related to Restriction on claim of ITC as …

ITC as per Rule 36(4) – Restriction on claim of ITC to 5% Read More »

The CBIC has introduced big changes in GST via CGST (14th Amendment) Rules , 2020 as per new Notification No. 94/2020 dated 22nd December, 2020 which is applicable from 1st of January, 2021. Changes are as follows: 1). Restriction on claim of ITC as per Rule 36(4)  According to the changes made, the ITC claim …

Important Changes In GST From 1st January 2021 via CGST (14th Amendment) Rules, 2020 Read More »