Hi guy’s
This is Ravi Varma, in this article I will tell you how to claim ITC under GSTR-3B as per new changes in 2022
Let’s start,
SECTION 16(2)”(aa)”
Our finance ministry has now implemented a new section for availing input tax credit which is covered in section-16(2)(aa)
After bringing this section, the government has clearly told all the GST holders that if you want input tax credit, then for that you have to clearly tell your supplier that he has to file his GSTR-1 so that we can get our ITC and we can claim it.
NOTE POINT***
(A) Your supplier has to submit all the bills with the help of GSTR-1 or IFF.
(B) We have to claim our ITC as per GSTR-2B
(C) Now we are not required to claim an additional 5 percent ITC.