GST in excess of 5%
This query is : Resolved
16 January 2021
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?
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?
16 January 2021
No issue you can claim it in December.
16 January 2021
But return tabs are getting red with a message that you are exceeding limit of rule 36(4)..
16 January 2021
Actually you are not exceeding. You are availing only the last month unavailed. Ignore the warning.
17 January 2021
You have to do month on month reconciliation (cumulative) of ITC as per books and as per 2A/2B.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Regarding digital certificate on sales invoice
- Retirement Investment Advice
- Optimum Salary Structure
- Query on INC 34
- Form 67 FTC
- Ginning machinery
- Will some one share me the excel for RCM on goods&services along with tax rate and claiming ITC with
- Clarification and Guidance Regarding ASMT-14 Notice and GST Registration Requirement
- GSTR1 query HSN B2C
- GST ON TRANSPORTATION CHARGES FOR THE TRANSPORTAION OF EXEMPTED PRODUCTS
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
