https://www.taxtmi.com/circulars?id=65057 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. en-us Wed, 06 Jan 2021 00:00:00 +0530 Sat, 04 Sep 2021 18:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65057 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. Circulars GST - States Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65057