Input tax credit reconciliation: cumulative supplier-uploaded invoice cap requires reversal of excess claimed in the subsequent return. Taxpayers must cumulatively reconcile ITC claimed in FORM GSTR-3B for February-August 2020 with supplier-uploaded invoice details available up to the due date of FORM GSTR-1 for September 2020; cumulative ITC claimed must not exceed 110% of the cumulative eligible credit evidenced by supplier uploads and remains subject to general ITC eligibility rules. Any excess ITC identified must be reversed in Table 4(B)(2) of FORM GSTR-3B for September 2020, failing which the excess will be treated as ineligible credit for that month.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit reconciliation: cumulative supplier-uploaded invoice cap requires reversal of excess claimed in the subsequent return.
Taxpayers must cumulatively reconcile ITC claimed in FORM GSTR-3B for February-August 2020 with supplier-uploaded invoice details available up to the due date of FORM GSTR-1 for September 2020; cumulative ITC claimed must not exceed 110% of the cumulative eligible credit evidenced by supplier uploads and remains subject to general ITC eligibility rules. Any excess ITC identified must be reversed in Table 4(B)(2) of FORM GSTR-3B for September 2020, failing which the excess will be treated as ineligible credit for that month.
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