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of <h1>CGST Rules Update: Cumulative ITC Adjustment Allowed for Feb-Aug 2020 Due to COVID-19; Reflect in Sept GSTR-3B.</h1> The circular clarifies the application of sub-rule (4) of rule 36 of the CGST Rules, 2017, concerning input tax credit (ITC) for February to August 2020. Due to COVID-19, a cumulative adjustment of ITC is allowed for these months, to be reflected in the September 2020 GSTR-3B return. Taxpayers must reconcile ITC claimed with supplier-uploaded invoices, ensuring it does not exceed 110% of eligible credit. Any excess ITC must be reversed in September 2020's return. The circular includes an illustrative table for guidance and requests issuance of trade notices for public awareness.
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