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of <h1>India's Finance Ministry Limits Input Tax Credit to 20% for Unuploaded Invoices u/r 36(4) of CGST Rules.</h1> The circular from the Ministry of Finance, India, dated November 11, 2019, addresses the restriction on availing input tax credit (ITC) under sub-rule (4) of Rule 36 of the CGST Rules, 2017. The restriction applies to invoices or debit notes not uploaded by suppliers as required under Section 37(1) of the CGST Act. Taxpayers can claim ITC up to 20% of the eligible credit from uploaded invoices. The restriction is calculated on a consolidated basis, not supplier-wise. Taxpayers must self-assess their ITC claims, and any balance ITC can be claimed in subsequent months once suppliers upload the necessary details.
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