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Covid19 relief on GST Rule restricting ITC to 10%

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According to sub-rule (4) in Rule 36 of CGST Rules introduced w.e.f. 9-Oct-2019, a registered person can avail ITC in respect of the invoices, the details of which have not been uploaded by the suppliers and reflected in GSTR-2A of the registered person availing ITC, only to the extent of 20% of the total eligible ITC i.e. the ITC as reflected in its GSTR 2A. This limit was reduced from 20% to 10% w.e.f. 1-Jan-2020.

As shared with you earlier, a relief is granted in applicability of this provision considering the Covid-19 lockdown period. We are sharing with you an informative article published on taxmann.com on how to apply this Rule for the returns falling due during the specified lockdown period. You can download this article at the following link:

Covid19 relief on 10 per cent ITC restriction Rule

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