https://www.taxtmi.com/forum/issue?id=116178 Practical issues arise claiming input tax credit due to the Rule 36(4) cap when supplier details are delayed; Notification NN 31/2020-CT treats matching cumulatively for February-August 2020 with adjustments by the September return. Some commentators allege the notification is ultravires to section 16(2)(c) because matching is deferred, while others accept it and stress that the statutory prerequisites for claiming credit-receipt, invoice possession and timely payment-remain unchanged and that credit may be taken in books subject to cumulative cap calculations in GSTR-3B reconciliations. en-us Thu, 02 Apr 2020 08:42:53 +0530 Thu, 23 Jan 2025 15:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116178 Practical issues arise claiming input tax credit due to the Rule 36(4) cap when supplier details are delayed; Notification NN 31/2020-CT treats matching cumulatively for February-August 2020 with adjustments by the September return. Some commentators allege the notification is ultravires to section 16(2)(c) because matching is deferred, while others accept it and stress that the statutory prerequisites for claiming credit-receipt, invoice possession and timely payment-remain unchanged and that credit may be taken in books subject to cumulative cap calculations in GSTR-3B reconciliations. Discussion-Forum GST Thu, 02 Apr 2020 08:42:53 +0530 https://www.taxtmi.com/forum/issue?id=116178