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GST in excess of 5%

This query is : Resolved 

Practical problem is Nov invoices reflected in Nov 2A but our co recorded it on 1st and 2nd Dec while actual material received.
So while claiming input in Dec 2020 the limit of 5% gets exceeded...what to do?
In short problem is input appeared in Nov but we are claiming it in Dec is there any issue?

No issue you can claim it in December.

But return tabs are getting red with a message that you are exceeding limit of rule 36(4)..

Actually you are not exceeding. You are availing only the last month unavailed. Ignore the warning.

You have to do month on month reconciliation (cumulative) of ITC as per books and as per 2A/2B.



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