Wednesday, 24 April 2019

New Calculation system in respect of utilization of Input Tax Credit under GST Act was clarified vide circular no 98/17/2019 as earlier Section 49 was amended in the month of February which resulted in blockage of huge funds.


The new offset Calculation Chart is enclosed as under:

















Click here to download the Circular No. 98/17/2019 dated 23.04.2019

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