Clarification relating to application of sub-rule (4) of rule 36 of the HPGST Rules, 2017 for the months of February, 2020 to August, 2020

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....se, Shimla, Solan, BBN Baddi, Sirmour, Bilaspur, Hamirpur, Mandi. Kullu, Chamba, Kangra, Revenue Distt Nurpur and Una, H.P. 4. The Asstt. Commissioner of State Taxes and Excise, Incharge Distt. Kinnour, H.P. Dated              Shimla-9                     6th Jan., 2021. Sir,  Subject: Clarification relating to application of sub-rule (4) of rule 36 of the HPGST Rules, 2017 for the months of February, 2020 to August, 2020 - reg. Vide Circular No. 123/42/2019 - GST dated 10th Dec., 2019, various issues relating to implementation of sub-rule (4) of rule 36 of the Himacha....

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....- section (1) of section 37 of the HPGST Act for the periods of February, March, April, May, June, July and August, 2020, till the due date of furnishing of the statement in FORM GSTR-1 for the month of September, 2020 as reflected in GSTR-2As. 3.2 Taxpayers shall reconcile the ITC availed in their FORM GSTR-3Bs for the period February, 2020 to August, 2020 with the details of invoices uploaded by their suppliers of the said months, till the due date of furnishing FORM GSTR-1 for the month of September, 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 uploa....