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

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....ar No. 18/2020(State) In Reference To 142/12/2020(Central) , Dt . 02/11/2020 Sub:- Clarification relating to application of sub-rule (4) of rule 36 of the APGST Rules, 2017 for the months of February, 2020 to August, 2020 - reg. Ref:- From the GOI, MOF, DOR, CBIC Circular No.142/12/2020-GST, dt. 09-10-2020. **** Vide Circular No.123/42/2019 (Central) 01/2020 (State), Dt.10-01-2020, various iss....

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....the APGST Rules shall apply cumulatively for the tax period February, March, April, May, June, July and August, 2020 and that the return in FORM GSTR-3B for the tax period September, 2020 shall be furnished 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 Chief Commissioner....

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....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 resp....

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.... any, shall be required to be reversed in Table 4(B)(2) of FORM GSTR-3B, for the month of September, 2020. Failure to reverse such excess availed ITC on account of cumulative application of sub-rule (4) of rule 36 of the APGST 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 provis....