Section 109 of the Finance Act 2021 made applicable w.e.f 01-01-2022: No 5% ITC concessions now

Section 109 of the Finance Act 2021 made applicable w.e.f 01-01-2022: No 5% ITC concessions now

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Section 109 of the Finance Act 2021 made applicable w.e.f 01-01-2022:

No 5% ITC concessions now

Section 109 of the Finance Act 2021 made applicable w.e.f 01-01-2022
Section 109 of Finance Act brought sec 16(2) (aa) of the CGST Act.
Therefore, now ITC can be claimed only in relation to invoices furnished by supplier in GSTR-1
There will be no additional window of 5% as earlier and it will also rest disputed validity of Rule 36(4).
Section 109 of the Finance Act 2021 made applicable w.e.f 01-01-2022: No 5% ITC concessions now

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