Central Board of Indirect Taxes and Customs(CBIC) has issued Circular No.193/05/2023 to provide clarification regarding dealing with difference in Input Tax Credit (ITC) availed in Form GSTR-3B in comparison to that of details available in Form GSTR-2A for the period from 01/04/2019 to 31/12/2021.
Key points of the Circular are as below:
1. ITC shall not be allowed to be claimed in FORM GSTR-3B for the period 01.01.2022 onwards in respect of a supply unless the same is reported by his suppliers in their FORM GSTR-1 or using IFF and is communicated to the said registered person in FORM GSTR-2B.
2. ITC shall be adjusted in cumulative basis and same shall be taken into consideration while determining the amount of ITC eligibility for the said tax periods.
3. The above instructions will apply only to the ongoing proceedings in scrutiny/ audit/ investigation, etc. for the period 01.04.2019 to 31.12.2021 and not to the completed proceedings.
Source: Central Board of Indirect Taxes and Customs (CBIC)
