https://www.taxtmi.com/circulars?id=69866 Clarification relates to the cumulative application of rule 36(4) for February, 2020 to August, 2020, requiring taxpayers to reconcile ITC availed in GSTR-3B with supplier-uploaded invoices up to the due date for GSTR-1 of September, 2020. The cumulative ITC for these months must not exceed 110% of the eligible credit reflected in uploaded invoices or debit notes, subject to the overall ITC limit under the substantive provisions. Any excess credit must be reversed in Table 4(B)(2) of the September, 2020 GSTR-3B, failing which it is treated as ineligible ITC. en-us Sun, 16 Aug 2020 00:00:00 +0530 Fri, 01 May 2026 10:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69866 Clarification relates to the cumulative application of rule 36(4) for February, 2020 to August, 2020, requiring taxpayers to reconcile ITC availed in GSTR-3B with supplier-uploaded invoices up to the due date for GSTR-1 of September, 2020. The cumulative ITC for these months must not exceed 110% of the eligible credit reflected in uploaded invoices or debit notes, subject to the overall ITC limit under the substantive provisions. Any excess credit must be reversed in Table 4(B)(2) of the September, 2020 GSTR-3B, failing which it is treated as ineligible ITC. Circulars GST - States Sun, 16 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69866