The Govt. decides to
give an unwelcome surprise to the industry in terms of increasing the
compliance for availing of Credit. With the introduction of Rule 36(4),
Govt. restricted availment of credit to the extent of 20% of the Credit
reflecting in 2A.
From 01st Jan 2020- 20 became 10
From 01st Jan 2021 - 10 became 5
From 01st Jan 2022 - 5 becomes 0 ?
The
amendment proposed vide Section 16(2)(aa) is now being notified w.e.f
01 Jan 2022. The principle of matching will now become a part of the Act
itself and there may be changes/amendment in a Rules to bring it on par
with the Act. From such time, credit may be restricted only to the
extent of what is reflected in GSTR 2A/2B
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