https://www.taxtmi.com/circulars?id=69919 Cumulative application of the rule 36(4) ITC restriction was clarified for February, 2020 to August, 2020, requiring taxpayers to reconcile GSTR-3B credit with invoices uploaded by suppliers up to the due date for GSTR-1 of September, 2020. The cumulative ITC claimed for those months could not exceed 110% of the eligible credit reflected in uploaded invoices or debit notes, and any excess had to be reversed in GSTR-3B for September, 2020. Failure to reverse the excess would be treated as ineligible ITC. en-us Mon, 07 Dec 2020 00:00:00 +0530 Tue, 05 May 2026 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69919 Cumulative application of the rule 36(4) ITC restriction was clarified for February, 2020 to August, 2020, requiring taxpayers to reconcile GSTR-3B credit with invoices uploaded by suppliers up to the due date for GSTR-1 of September, 2020. The cumulative ITC claimed for those months could not exceed 110% of the eligible credit reflected in uploaded invoices or debit notes, and any excess had to be reversed in GSTR-3B for September, 2020. Failure to reverse the excess would be treated as ineligible ITC. Circulars GST - States Mon, 07 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69919