03 May 2020
I have recorded deferred input before mar 2020 for applicability of rule 36(4). What to do now whehther should i claim entire input including deferred input earlier for the month of mar 2020? please reply on urgent basis...
03 May 2020
For the purpose of Rule 36(4) ITC were to be matched with GSTR-2A monthly. But due to lockdown a relaxation has been provided that matching can be done on consolidated basis from the month of Feb to August. So you can take all the credits provided you ensure that they get filed by your suppliers till August
03 May 2020
Correctly explained. Cbic has vide not.no.30/2020-central tax dated 03.04.2020, details of gstr-2A from feb2020 to August 2020 shall be cumulatively adjusted at the time of filing return for the month of September 2020, hence no need to work out at this juncture. Avail full itc as per books .
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