GST on 3B and 2A difference year 2022-23

[KS Bhat]

RTP has received notice for the period ITC claimed is 300000 and ITC available is 100000 rs On verification it is found 1 party has supplied goods in the month of June 2022 is declared in B to C instead of B to B Total Payment is through Bank transection only and obtained certificate from supplier . Can RTP get relief

AI Summary

Input tax credit mismatch under GST arises when supplier reporting as B2C creates a credit discrepancy despite banking proof. Input tax credit mismatch under GST arises where the recipient has claimed credit exceeding the credit reflected as available in the return, and verification shows that one supplier reported the supply as B2C instead of B2B. The recipient states that payment was made through banking channels and a certificate was obtained from the supplier. The issue concerns the treatment of credit where the transaction is supported by documentary evidence but the supplier's reporting creates a mismatch in GST records.