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of <h1>Rule 88D: Resolve Discrepancies in GST Input Tax Credit or Face Demand under Sections 73, 74, or 74A</h1> Rule 88D of the Central Goods and Services Tax Rules, 2017, addresses discrepancies in input tax credit between the auto-generated statement (FORM GSTR-2B) and the credit claimed in the return (FORM GSTR-3B). If the claimed credit exceeds the available credit by a specified amount or percentage, the registered person is notified electronically via FORM GST DRC-01C. They must either pay the excess credit with interest using FORM GST DRC-03 or explain the discrepancy within seven days. Failure to resolve the issue may result in a demand under sections 73, 74, or 74A.
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