Important GST Announcement: Provisional credit allowed is 10%

Dec 21

Important GST Announcement: Provisional credit allowed is 10%

Only 10% provisional credit allowed instead of 20%In the recent GST Council meet, provisional credit limit has been reduced from 20% to 10%. This provisional credit rule says that ITC cannot be claimed as per your own records. Businesses need to make sure that their suppliers have uploaded invoices and these are reflecting in GSTR-2A. […]