https://www.taxtmi.com/circulars?id=71405 ITC claimed in GSTR-3B for February to August 2020 must be cumulatively reconciled with eligible supplier-uploaded invoices and debit notes reflected up to the September 2020 GSTR-1 due date. Aggregate ITC for those months cannot exceed 110% of the cumulative eligible uploaded credit, while remaining subject to statutory ITC eligibility conditions. Excess credit identified on reconciliation must be reversed in Table 4(B)(2) of the September 2020 GSTR-3B; non-reversal is treated as ineligible ITC in September 2020. en-us Mon, 23 Nov 2020 00:00:00 +0530 Tue, 22 Sep 2026 10:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71405 ITC claimed in GSTR-3B for February to August 2020 must be cumulatively reconciled with eligible supplier-uploaded invoices and debit notes reflected up to the September 2020 GSTR-1 due date. Aggregate ITC for those months cannot exceed 110% of the cumulative eligible uploaded credit, while remaining subject to statutory ITC eligibility conditions. Excess credit identified on reconciliation must be reversed in Table 4(B)(2) of the September 2020 GSTR-3B; non-reversal is treated as ineligible ITC in September 2020. Circulars GST - States Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71405