There are 4 invoices for Dec 20 month .
Invoice-1 ITC Rs 10000
Invoice-2 ITC Rs 5000
Invoice-3 ITC Rs 15000
Invoice-4 ITC Rs 8000
ITC appearing in GSTR-2B of Dec = Invoice-1 ITC Rs 10000
ITC to be claimed in GSTR-3B of Dec as per Rule 36(4) [ 105% of ITC as per GSTR-2B or ITC as per Books] whichever is lower i.e.
10500 (10000+10000*105%) or 38000 whichever is lower , So, ITC to be claimed in GSTR-3B of Dec as per Rule 36(4) is Rs 10500 .Am i right ?
2) ITC appearing in GSTR-2B of Jan pertaining to Dec invoice=
Invoice-2 ITC Rs 5000
Invoice-3 ITC Rs 15000
ITC to be claimed in GSTR-3B of Jan as per Rule 36(4) is —
105% of ITC as per GSTR-2B = 21000 (20000+20000*105%).
OR
ITC as per Books = 38000
whichever is lower = Rs 21000. So, ITC to be claimed in Jan (for Dec) = Rs 21000.
Whether above step-wise calculation is correct ??
3) ITC appearing in GSTR-2B of Feb pertaining to Dec invoice=
Invoice-4 ITC Rs 8000
ITC to be claimed in GSTR-3B of Feb as per Rule 36(4) is —
Rs 6500 [38000- (10500+21000)]
Am i right ??
