https://www.taxtmi.com/article/detailed?id=9633 Rule 36(4) caps the amount of input tax credit claimable for invoices or debit notes not uploaded by suppliers into returns that populate the recipient's GSTR 2A, by referencing the eligible credit appearing in GSTR 2A. The rule was enacted and subsequently amended to reduce the permissible additional ITC; its practical effect is to compel suppliers' timely and accurate reporting, require recipients to reconcile monthly and retain supporting workings, and to ensure claims meet the statutory eligibility conditions and recordkeeping obligations. en-us Tue, 19 Jan 2021 09:44:42 +0530 Tue, 19 Jan 2021 09:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9633 Rule 36(4) caps the amount of input tax credit claimable for invoices or debit notes not uploaded by suppliers into returns that populate the recipient's GSTR 2A, by referencing the eligible credit appearing in GSTR 2A. The rule was enacted and subsequently amended to reduce the permissible additional ITC; its practical effect is to compel suppliers' timely and accurate reporting, require recipients to reconcile monthly and retain supporting workings, and to ensure claims meet the statutory eligibility conditions and recordkeeping obligations. Articles Goods and Services Tax - GST Tue, 19 Jan 2021 09:44:42 +0530 https://www.taxtmi.com/article/detailed?id=9633