https://www.taxtmi.com/circulars?id=71426 Input Tax Credit mismatches between FORM GSTR-3B and FORM GSTR-2A for the period from 1 April 2019 to 31 December 2021 must satisfy section 16, including payment of tax by the supplier, and remain within the applicable unmatched-credit limit under rule 36(4). The limits are 20 per cent, 10 per cent, and 5 per cent for the respective prescribed periods. Credit beyond the applicable limit is inadmissible despite supporting evidence. Cumulative adjustment applies for specified periods in 2020 and 2021. From 1 January 2022, credit requires supplier reporting and communication in FORM GSTR-2B. en-us Mon, 14 Aug 2023 00:00:00 +0530 Mon, 05 Oct 2026 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71426 Input Tax Credit mismatches between FORM GSTR-3B and FORM GSTR-2A for the period from 1 April 2019 to 31 December 2021 must satisfy section 16, including payment of tax by the supplier, and remain within the applicable unmatched-credit limit under rule 36(4). The limits are 20 per cent, 10 per cent, and 5 per cent for the respective prescribed periods. Credit beyond the applicable limit is inadmissible despite supporting evidence. Cumulative adjustment applies for specified periods in 2020 and 2021. From 1 January 2022, credit 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