TaxTMI 
TaxTMI 
Clarification relating to application of sub-rule (4) of rule 36 of the HGST Rules, 2017 for the months of February, 2020 to August, 2020
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....s, 2017 for the months of February, 2020 to August, 2020--Regarding Vide Circular No. 3552/GST-2, dated December 16, 2019 (Circular No. 123/2019 of Centre), various issues relating to implementation of sub-rule (4) of rule 36 of the Haryana Goods and Services Tax Rules, 2017 (hereinafter referred to as "the HGST Rules") relating to availment of input tax credit (ITC) in respect of invoices or deb....
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....ons across the field formations, the Commissioner of State Tax, in exercise of its powers conferred under section 168 of the HGST Act hereby clarifies certain issues in succeeding paragraphs. 3.1 It is re-iterated that the clarifications issued earlier vide Circular No. 3552/GST-2, dated December 16, 2019 shall still remain applicable, except for the cumulative application as prescribed in provis....
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....e 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 HGST Act, till the due date of furnishing of the statements in FORM GSTR-1 for the month of September, 2020. 3.3 It may be noted that availability of 110 per cent. of the cumulative value of the eligible credit available....
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....ve reconciliation for the said months in terms of proviso to sub-rule (4) of rule 36 of the HGST 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 HGST Act and the rules made thereunder, except rule 36(4) ITC availed by the taxpayer (recipient) in GSTR-3B of the respective months Invoices on which ....