NOTIFICATION NO-94/2020-BIG CHANGE IN RULE 36(4)
From 1 January 2021 you can take Input Tax credit in excess of GSTR-2A only 5% of the amount which is reflects in your GSTR-2A.
Changes made in Rule 36(4)-
(a) for the word “uploaded”, at both the places where it occurs, the word “furnished” shall be substituted;
(b) after the words, brackets and figures “by the suppliers under sub-section (1) of section 37”, at both the places where they occur, the words, letters and figure “in FORM GSTR-1 or using the invoice furnishing facility” shall be inserted;
(c) for the figures and words “10 per cent.”, the figure and words “5 per cent.” shall be substituted.