TaxTMI 
TaxTMI 
Clarification relating to application of sub-rule (4) of rule 36 of the WBGST Rules, 2017 for the months of February, 2020 to August, 2020
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.... (Corresponding Central Circular No. 142/12/2020-GST) DATED: 13.10.2020 Subject: Clarification relating to application of sub-rule (4) of rule 36 of the WBGST Rules, 2017 for the months of February, 2020 to August, 2020. Vide Trade Circular No. 43/2019, dated 18 th November, 2019, various issues relating to implementation of sub-rule (4) of rule 36 of the West Bengal Goods and Services....
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.... with the cumulative adjustment of input tax credit for the said months. 3. To ensure uniformity in the implementation of the said provisions across the field formations, the Commissioner, in exercise of its powers conferred under section 168 of the WBGST Act hereby clarifies certain issues in succeeding paragraphs. 3.1 It is re-iterated that the clarifications issued earlier vide Trade Circ....
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....er, 2020. The cumulative amount of ITC availed for the said months in FORM GSTR-3B should not exceed 110% of the cumulative value of the eligible credit available in respect of invoices or debit notes the details of which have been uploaded by the suppliers under sub-section (1) of section 37 of the WBGST Act, till the due date of furnishing of the statements in FORM GSTR-1 for the month of Septem....
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....T Rules would be treated as availment of ineligible ITC during the month of September, 2020. 4. The manner of cumulative reconciliation for the said months in terms of proviso to subrule (4) of rule 36 of the WBGST Rules is explained by way of illustration, in a tabulated form, below. Table I Tax period Eligible ITC as per the provisions of Chapter V of the CGST Act and the rules made ....