ITC to be restricted in respect of Invoices in GSTR-2B: 45th GST Council Meeting

The GST Council’s 45th meeting was held  in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. GST Council has inter-alia made the following recommendations that ITC to be restricted in respect of Invoices in GSTR-2B.

Rule 36(4) of CGST Rules, 2017 to be amended, once the proposed Section 16(2)(aa) of CGST Act, 2017 is notified.

After notification of proposed section 16(2)(aa) of the GST Act 2017’s proposed amendment, rule 36(4) will be amended to restrict the availability of ITC for invoices/debit notes, to the extent that the details of such invoices/debit notes are provided by the supplier in Form GSTR-1/IFF and communicated to the registered person in Form GSTR-2B.