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<h1>New GST Circular Clarifies ITC Discrepancies for 2019-2021; Rule 36(4) Limits Explained for Ongoing Proceedings Only.</h1> The circular addresses discrepancies in Input Tax Credit (ITC) availed in FORM GSTR-3B versus FORM GSTR-2A for the period from April 1, 2019, to December 31, 2021. It clarifies the application of rule 36(4) of the CGST Rules, which allowed additional ITC beyond what was reported by suppliers, with limits of 20%, 10%, and 5% for specific periods. The circular specifies that from January 1, 2022, ITC can only be claimed if reported by suppliers in FORM GSTR-1 and communicated in FORM GSTR-2B. These guidelines apply to ongoing proceedings for the specified period but not to completed ones.
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