Restriction in availment of input tax credit in terms of sub-rule (4) of rule 36 of JGST Rules, 2017

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....tails of which have not been up-loaded by the suppliers under sub-section (1) of section 37 of the Jharkhand Goods and Services Tax Act, 2017 (hereinafter referred to as "the JGST Act"). 2. To ensure uniformity in the implementation of the provisions of the law across the field formations, the Commissioner, in exercise of its powers conferred under section 168(1) of the JGST Act hereby clarifies various issues in succeeding paragraphs. 3. The conditions and eligibility for the ITC that may be availed by the recipient shall continue to be governed as per the provisions of Chapter V of the JGST Act and the rules made thereunder. This being a new provision, the restriction is not imposed through the common portal and it is the responsibility....

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....ld be based on only those invoices which are otherwise eligible for ITC. Accordingly, those invoices on which ITC is not available under any of the provision (say under sub-section (5) of section 17) would not be considered for calculating 20 per cent. of the eligible credit available. 3. Form GSTR-2A being a dynamic document, what would be the amount of input tax credit that is admissible to the taxpayers for a particular tax period in respect of invoices/debit notes whose details have not been uploaded by the suppliers ? The amount of input tax credit in respect of the invoices/debit notes whose details have not been uploaded by the suppliers shall not exceed 20 per cent. of the eligible input tax credit available to the recipient in r....

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....e invoices are uploaded Eligible ITC to be taken in GSTR 3B to be filed by 20th November Case 1 Suppliers have furnished in Form GSTR-1 80 invoices involving ITC of Rs. 6 lakhs as on the due date of furnishing of the details of outward supplies by the suppliers Rs. 1,20,000 Rs. 6,00,000 (i.e., amount of eligible ITC available, as per details uploaded by the suppliers) + Rs. 1,20,000 (i.e. 20 per cent. of amount of eligible ITC available, as per details up loaded by the suppliers) = Rs. 7,20,000 Case 2 Suppliers have furnished in Form GSTR-1 80 invoices involving ITC of Rs. 7 lakhs as on the due date of furnishing of the details of outward supplies by the suppliers Rs. 1,40, 000 Rs. 7,00,000 + Rs. 1,40,000 = Rs. 8, 40, 000 Case 3 ....