9911796707
TMI BlogClarification relating to application of sub-rule (4) of rule 36 of the APGST Rules, 2017 for the months of February, 2020 to August, 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... Vide Circular No.123/42/2019 (Central) 01/2020 (State), Dt.10-01-2020, various issues relating to implementation of sub-rule (4) of rule 36 of the Andhra Pradesh Goods and Services Tax Rules, 2017 (hereinafter referred to as the APGST 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 37 of the Andhra Pradesh Goods and Services Tax Act, 2017 (hereinafter referred to as the APGST Act) were clarified. 2. Keeping the situation prevailing in view of measures taken to contain the spread of COVID-19 pandemic, vide notification issued in the G.O.Ms.No.160, Revenue (Commercial Taxes-II) Department, dated 21- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ths, 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 uploaded by the suppliers under sub-section (1) of section 37 of the APGST 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 APGST Act does not mea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0% of 2450] =2695. Taxpayer had availed ITC of 2750. Therefore, ITC of 55 [2750-2695] would be required to be reversed as mentioned in para 3.4. above. March, 2020 400 400 380 April, 2020 500 500 450 May, 2020 350 350 320 June, 2020 450 450 400 July, 2020 550 550 480 August, 2020 200 200 150 ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
