https://www.taxtmi.com/circulars?id=71426 ITC differences between FORM GSTR-3B and FORM GSTR-2A for 1 April 2019 to 31 December 2021 require verification of supplier tax payment and compliance with rule 36(4) credit ceilings. Unmatched credit is capped at 20 per cent, 10 per cent, or 5 per cent of eligible reported credit for the respective operative periods. Credit beyond the applicable ceiling is inadmissible despite prescribed verification certificates. Cumulative adjustment applies for specified periods in 2020 and 2021. From 1 January 2022, ITC requires supplier reporting and communication in FORM GSTR-2B. en-us Mon, 14 Aug 2023 00:00:00 +0530 Wed, 23 Sep 2026 15:45:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71426 ITC differences between FORM GSTR-3B and FORM GSTR-2A for 1 April 2019 to 31 December 2021 require verification of supplier tax payment and compliance with rule 36(4) credit ceilings. Unmatched credit is capped at 20 per cent, 10 per cent, or 5 per cent of eligible reported credit for the respective operative periods. Credit beyond the applicable ceiling is inadmissible despite prescribed verification certificates. Cumulative adjustment applies for specified periods in 2020 and 2021. From 1 January 2022, ITC requires supplier reporting and communication in FORM GSTR-2B. Circulars GST - States Mon, 14 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71426