https://www.taxtmi.com/article/detailed?id=9049 Relaxation of Rule 36(4) for February-August 2020 is to be given cumulative effect in the GSTR-3B of September 2020. Cumulative application risks excess ITC claims where suppliers have not uploaded invoices to GSTR-2A, requiring reversal in September and exposing taxpayers to potential interest and recovery under provisions addressing irregular or excess credit. Monthly reconciliation reduces excess-claim risk and allows time to obtain missing supplier uploads; cumulative relief may be used selectively to protect working capital if missing invoices can be secured by the September reconciliation point. en-us Wed, 08 Apr 2020 08:21:31 +0530 Wed, 08 Apr 2020 08:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9049 Relaxation of Rule 36(4) for February-August 2020 is to be given cumulative effect in the GSTR-3B of September 2020. Cumulative application risks excess ITC claims where suppliers have not uploaded invoices to GSTR-2A, requiring reversal in September and exposing taxpayers to potential interest and recovery under provisions addressing irregular or excess credit. Monthly reconciliation reduces excess-claim risk and allows time to obtain missing supplier uploads; cumulative relief may be used selectively to protect working capital if missing invoices can be secured by the September reconciliation point. Articles Goods and Services Tax - GST Wed, 08 Apr 2020 08:21:31 +0530 https://www.taxtmi.com/article/detailed?id=9049