GST in excess of 5%

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CA Parul Saxena (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 January 2021 No issue you can claim it in December.

CA Parul Saxena

CA Parul Saxena (Querist)
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16 January 2021 But return tabs are getting red with a message that you are exceeding limit of rule 36(4)..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 January 2021 Actually you are not exceeding. You are availing only the last month unavailed. Ignore the warning.

Lekhraj sood

Lekhraj sood (Expert)
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17 January 2021 You have to do month on month reconciliation (cumulative) of ITC as per books and as per 2A/2B.

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