Sec.16(2)(aa) of the CGST Act which limits ITC eligibility only to the extent of what is reported in GSTR 2A of the recipient comes into force w.e.f 01/01/2022
My query is whether above condition applies to ITC eligibility for the month of Dec’21 (for which return will be filed in Jan’22)
GST Forum Debates ITC Eligibility under Section 16(2)(aa) for December 2021 Returns Filed in January 2022 A discussion in a forum focused on the Goods and Services Tax (GST) and the eligibility of Input Tax Credit (ITC) under Section 16(2)(aa) of the CGST Act, effective from January 1, 2022. Participants debated whether this condition applies to ITC for December 2021, filed in January 2022. Opinions varied, with some asserting that any return filed after January 1, 2022, is subject to the new provisions, while others emphasized the importance of the date of ITC entry in books. The conversation highlighted the potential for disputes and the need for caution to avoid litigation. (AI Summary)
Goods and Services Tax - GST
TaxTMI 
TaxTMI 
TaxTMI 
