Restriction on credit availment applicable on self-assessment basis, clarifies CBIC

Nov 11,2019

CBIC issues clarification regarding the implementation of the newly inserted sub-Rule (4) to Rule 36 of the CGST Rules, which restricts the availment of ITC in respect of invoices or debit notes, for which the details have not been uploaded by the suppliers; Explains that, the restriction will be applicable only on the invoices/debit notes on which credit is availed after October 09, 2019; Further taxpayers may avail full ITC in respect of IGST paid on import, documents issue...

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