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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the Assam Goods and Services Tax Rules, 2017 (hereinafter referred to as the Assam GST Rules) relating to availment of input tax credit (ITC) in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers under sub-section (1) of section 37of the Assam Goods and Services Tax Act, 2017 (hereinafter referred to as the Assam GST Act) were clarified. 2. Keeping the situation prevailing in view of measures taken to contain the spread of COVID-19 pandemic, vide notification No. FTX.56//2017/Pt-II/559, dated 22.05.2020, it had been prescribed that the condition made under sub-rule (4) of rule 36 of the Assam GST Rules shall apply cumulatively for the tax period February, March, April, May, June, July and Aug....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lable 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 Assam GST 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% 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 Assam GST Act does not mean that the total credit can exceed the tax amount as reflected in the total invoices for the supplies received by the taxpayer i.e. the maximum credit available in terms of provisions of section 16 of the Assam GST Act. ....