The GST portal has issued a crucial advisory addressing concerns regarding discrepancies in Input Tax Credit (ITC) reflected in GSTR-2B and GSTR-3B filings. This advisory aims to guide taxpayers on ensuring accurate ITC claims as per the law. The issue of duplicate entries in GSTR-2B has now been rectified, and a corrected GSTR-2B has been generated for taxpayers.
Key Highlights of the Advisory
Discrepancies in GSTR-2B
- Previously, certain taxpayers faced issues with duplicate entries in GSTR-2B.
- This issue has been resolved, and the GST system has generated a corrected GSTR-2B statement.
Ensuring Correct ITC Claims
- Taxpayers are advised to cross-verify the ITC values before filing GSTR-3B.
- ITC claims should align with the corrected figures provided in GSTR-2B.
Sources for Verifying ITC
- ITC values can be cross-checked from:
a. The auto-drafted ITC statement (downloaded GSTR-2B).
b. The system-generated GSTR-3B PDF.
c. ITC observed in the mouse-hover feature of Table 4 in GSTR-3B.
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