10% Rule – ITC Reconciliation, GSTR 2A Reconciliation

Why due date for filing quarterly GSTR-1 is changed

Posted by Amit Mundhra
On October 23, 2020
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10% Rule, 36(4), Avail ITC, GSTR-1 quarterly, Rule 36(4)

Recently the government has issued a notification to change the due dates for filing of GSTR-1 for the quarterly filers. Earlier the due date to file GSTR-1 was 30th of next month after quarter-end. Now the due date for filing of GSTR-1 will be 13th of next month after quarter-end. Why this is a welcome […]

How to comply with Rule 36(4) for claiming GST Input Tax Credit

Posted by Amit Mundhra
On October 13, 2020
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10% Rule, GST ITC, Input Tax credit, Rule 36(4)

Recently, the suspension on the application of rule 36(4) has ended. From the GSTR-3B of September 2020 onwards, taxpayers should comply for this rule every month. This rule is one of the most complicated rules to apply in practical circumstances. Let’s discuss what this rule is all about. In layman’s language, rule 36(4) says that […]