GST - ITC CREDIT - NEW RULES ANY

[SAFETAB LIFESCIENCE]

Dear Experts,

Is there any new rule come in GST, stating that we can take ITC credit only for the bills seen in GSTR-2A

with effect from 01.10.2018....

AI Summary

New GST Rule: ITC Claims Limited to GSTR-2A Invoices from Oct 2018, Transition Period Until Jan 2019 A discussion on a forum addressed the new Goods and Services Tax (GST) rules regarding Input Tax Credit (ITC) claims based on GSTR-2A. Participants debated whether ITC could only be claimed for invoices visible in GSTR-2A starting from October 1, 2018. It was clarified that while the rule would effectively come into force from January 2019, there would be a transition period. During this time, self-declaration of ITC would continue. Participants emphasized the importance of suppliers uploading invoices correctly to ensure compliance and avoid mismatches in ITC claims.