Unreconciled Mismatches of ITC and GST liability beyond a week could trigger Demand and Recovery Action

Recently, a new rule 88D has been introduced in GST law to deal with mismatches between Input Tax Credit (ITC) auto-populated in GSTR-2B and that reported in GSTR-3B by the taxpayer. The rule basically provides for as under: a. Where amount of ITC availed in GSTR-3B exceeds ITC available in GSTR-2B, a system generated intimation in Form DRC-1C of such difference shall be given to taxpayer. b. On r…