04/12/2024
As part of taking input tax credit foregone while filing GSTR 3B return for the month of October 2024, or as part of reversing or reclaiming input tax credit, 'Add' to the input tax credit for that month in Table 4A (5) of the said GSTR 3B Declare with credit Those who did should note:
Thus adding 'Add' in Table 4A (5) and taking input tax credit will result in GSTR 2B - GSTR 3B difference. 25 lakhs or more if such collection is Rs.25 lakhs or more then autogenerated intimation to such taxpayers DRC 01 C of PART A GST. It is likely to be received in View Notices & Orders on the portal. Those who have received the Intimation will immediately pay GST. The said form should be filed online by logging into the portal and clicking on ITC Mismatch (DRC 01 C) under Services > Returns > Return compliance and stating the circumstances under which such discrepancy may arise in PART B of the said Intimation.
Taxpayers who do not file PART B immediately after receiving PART A of DRC 01 C may be hampered in filing GSTR 1 and GSTR 3B in subsequent tax period.
