https://www.taxtmi.com/circulars?id=66813 Clarification governs differences between Input Tax Credit (ITC) claimed in FORM GSTR-3B and ITC shown in FORM GSTR-2A for 01.04.2019-31.12.2021, reaffirming that ITC admissibility is subject to Section 16 conditions including payment of tax by the supplier. It prescribes that Circular No. 131/2021-GST applies for pre-rule periods, and that rule 36(4) permitted provisional additional ITC from 09.10.2019 with period-specific caps (20%, 10%, 5%) subject to verification and certificate production; post-01.01.2022 ITC is limited to amounts in FORM GSTR-2B. The guidance is clarificatory and applies to ongoing and pending proceedings for the period. en-us Fri, 21 Jul 2023 00:00:00 +0530 Wed, 13 Sep 2023 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66813 Clarification governs differences between Input Tax Credit (ITC) claimed in FORM GSTR-3B and ITC shown in FORM GSTR-2A for 01.04.2019-31.12.2021, reaffirming that ITC admissibility is subject to Section 16 conditions including payment of tax by the supplier. It prescribes that Circular No. 131/2021-GST applies for pre-rule periods, and that rule 36(4) permitted provisional additional ITC from 09.10.2019 with period-specific caps (20%, 10%, 5%) subject to verification and certificate production; post-01.01.2022 ITC is limited to amounts in FORM GSTR-2B. The guidance is clarificatory and applies to ongoing and pending proceedings for the period. Circulars GST - States Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66813