In India government came with new rule 36(4) where in credit will be available only if the invoices are uploaded by supplier on the portal…
In India government came with new rule 36(4) where in credit will be available only if the invoices are uploaded by supplier on the portal. If inward supplies invoices are not reflected on common portal, then taxpayer can avail 20% of the Input tax credit amount reflected on common portal. This article is giving insight of newly introduced provision and publish in the monthly journal of Institute of Chartered Accountants of India, November, 2019 issue.
Read the full article here.
