TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Andhra Pradesh clarifies sub-rule 36(4) for ITC: COVID-19 adjustments, cumulative application, and September 2020 reconciliation.</h1> The circular issued by the Andhra Pradesh Commercial Taxes Department clarifies the application of sub-rule (4) of rule 36 of the APGST Rules, 2017, regarding input tax credit (ITC) for the months February to August 2020. Due to COVID-19, ITC conditions were applied cumulatively, with adjustments in the September 2020 GSTR-3B return. Taxpayers must reconcile ITC with supplier-uploaded invoices, ensuring ITC does not exceed 110% of eligible credit. Excess ITC must be reversed in the September return. The circular provides an illustrative table and requests field officers to publicize its contents. Any implementation issues should be reported to the Chief Commissioner.
TaxTMI 
TaxTMI 
