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of <h1>West Bengal Circular Limits Input Tax Credit to 20% for Unreported Invoices u/r 36(4) WBGST Rules.</h1> The circular issued by the West Bengal Directorate of Commercial Taxes outlines the restrictions on availing input tax credit (ITC) as per sub-rule (4) of rule 36 of the WBGST Rules, effective from October 9, 2019. It clarifies that ITC is restricted for invoices or debit notes not uploaded by suppliers under section 37(1) of the WBGST Act. The restriction is calculated on a consolidated basis, not supplier-wise, and limits ITC to 20% of eligible credit from uploaded invoices. Taxpayers must self-assess and can claim balance ITC in subsequent months once suppliers upload the requisite invoice details.
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