{"id":9569,"date":"2023-11-14T13:39:15","date_gmt":"2023-11-14T13:39:15","guid":{"rendered":"https:\/\/www.klickongstworld.com\/blog\/?p=9569"},"modified":"2023-11-14T13:39:23","modified_gmt":"2023-11-14T13:39:23","slug":"advisory-for-online-compliance-pertaining-to-itc-mismatch-difference-in-input-tax-credit-itc-available-in-gstr-2b-itc-claimed-in-the-gstr-r3b-gst-drc-01c","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/advisory-for-online-compliance-pertaining-to-itc-mismatch-difference-in-input-tax-credit-itc-available-in-gstr-2b-itc-claimed-in-the-gstr-r3b-gst-drc-01c\/","title":{"rendered":"Advisory for Online Compliance Pertaining to ITC mismatch &#8211; Difference in Input Tax Credit (ITC) available in GSTR-2B &#038; ITC claimed in the GSTR-R3B &#8211; GST DRC-01C"},"content":{"rendered":"<p align=\"justify\">GSTN has issued an advisory dated 14.11.2023 on Advisory for Online Compliance Pertaining to ITC  mismatch i.e. Difference in Input Tax  Credit (ITC) available in GSTR-2B &amp; ITC claimed in the GSTR-R3B &#8211; GST DRC-01C.<\/p>\n<p align=\"justify\">It is informed that GSTN has developed a functionality to  generate automated intimation in Form GST DRC-01C which enables the taxpayer to  explain the difference in Input tax credit available in GSTR-2B statement &amp;  ITC claimed in GSTR-3B return online as directed by the GST Council. This  feature is now live on the GST portal.\n  <\/p>\n<p align=\"justify\">This functionality compares the ITC declared in GSTR-3B\/3BQ with  the ITC available in GSTR-2B\/2BQ for each return period. If the claimed ITC in  GSTR 3B exceeds the available ITC in GSTR-2B by a predefined limit or the  percentage difference exceeds the configurable threshold, taxpayer will receive  an intimation in the form of DRC-01C.\n  <\/p>\n<p align=\"justify\">Upon receiving an intimation, the taxpayer must file a response  using Form DRC-01C Part B. The taxpayer has the option to either provide  details of the payment made to settle the difference using Form DRC-03, or  provide an explanation for the difference, or even choose a combination of both  options.\n  <\/p>\n<p align=\"justify\">In case, no response is filed by the impacted taxpayers in Form  DRC-01C Part B, such taxpayers will not be able to file their subsequent period  GSTR-1\/IFF.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2023\/11\/14-11.png<\/p>\n","protected":false},"author":1,"featured_media":9570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/9569"}],"collection":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/comments?post=9569"}],"version-history":[{"count":1,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/9569\/revisions"}],"predecessor-version":[{"id":9571,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/9569\/revisions\/9571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media\/9570"}],"wp:attachment":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media?parent=9569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/categories?post=9569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/tags?post=9569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}