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Understanding Input Tax Credit Discrepancies Between GSTR-3B and GSTR-2A for Financial Years 2017-18 and 2018-19

A recent CGST circular has clarified rules for claiming Input Tax Credit (ITC) when amounts in GSTR-3B differ from GSTR-2A for FY 2017-18 and 2018-19. This guidance aims to help taxpayers reconcile ITC claims and ensure compliance, reducing potential litigation. It specifies conditions for allowing ITC discrepancies and certification requirements based on the differential amount.

📖 3 min read read🏷️ Input Tax Credit (ITC)

A new CGST Circular, 183/15/2022, was issued on December 27, 2022. This circular clarifies the rules for claiming Input Tax Credit (ITC) reported in GSTR-3B but not reflected in GSTR-2A for the financial years 2017-18 and 2018-19. This updated guidance aims to provide clarity to taxpayers on proper ITC claims, ensuring compliance with tax regulations and minimizing potential disputes.

Applicability of the Circular

This CGST Circular specifically addresses recipients who claimed ITC for FY 2017-18 and FY 2018-19 in their GSTR-3B filings, even when these credits did not appear in GSTR-2A, under the following scenarios:

  • The vendor submitted GSTR-3B but failed to file GSTR-1.
  • The vendor filed both GSTR-1 and GSTR-3B, yet a specific invoice was omitted from GSTR-1.
  • The vendor incorrectly categorized a B2B invoice as a B2C invoice in GSTR-1.
  • The vendor reported an incorrect GSTIN in GSTR-1 (for instance, if a vendor supplying services to Tata mistakenly entered Reliance's GSTIN instead of Tata's).

Note: This circular does not override the deadline specified in the proviso of Section 16(4) of the CGST Act.

Prerequisites for Allowing ITC Claims

The Circular reiterates the essential conditions from Section 16(2) that must be met for ITC claims to be permissible:

  1. The buyer must have received the goods or services.
  2. The buyer must possess the corresponding invoice or debit notes.
  3. The buyer must have completed payment for the invoice.
  4. Verifiable evidence must exist confirming that the supplier has remitted the taxes and filed GSTR-3B, including the relevant invoice or debit notes.
ITC difference between GSTR-2A and GSTR-3BCertification required evidencing the differential ITC claim
More than Rs.5 lakhCA/CMA certificate with a verifiable Unique Document Identification Number (UDIN)*
Less than or equal to Rs.5 lakhVendor certificate*

Note: Points 1, 2, and 3 represent existing conditions under GST law. Condition 4 introduces a relaxation provided by the Circular, aligning with the recently incorporated provision in Section 16(2)(c) of the CGST Act.

*These certifications must confirm that the goods or services were genuinely supplied by the vendor to the buyer, and the corresponding tax has been paid by the vendor in their GSTR-3B.

Additionally, the Circular mandates that any ITC reversals must comply with Section 17 (Apportionment of credit and blocked credits) and Section 18 (Availability of credit in special circumstances). Furthermore, ITC must have been claimed within the stipulated timeframe under Section 16(4).

Why Prompt Action is Crucial

Many businesses are encountering discrepancies for the financial years 2017-18 and 2018-19. Therefore, businesses that receive notices for audit, scrutiny, or investigation must perform reconciliation and secure the necessary certifications to support their legitimate ITC claims. Even without receiving a formal notice, it is advisable to prepare and maintain comprehensive documentation to substantiate genuine ITC claims during potential departmental proceedings.

Further Reading

Frequently Asked Questions

What is Input Tax Credit (ITC) under GST?
Input Tax Credit (ITC) allows taxpayers to reduce the tax they pay on their output by the tax they have already paid on their inputs. This mechanism prevents the cascading effect of taxes, where tax is levied at every stage of the supply chain.
What is the purpose of GSTR-2A and GSTR-3B?
GSTR-2A is an auto-populated read-only statement containing details of inward supplies (purchases) from registered suppliers. GSTR-3B is a monthly summary return filed by taxpayers, reporting consolidated details of outward supplies, inward supplies, and ITC claimed.
Why might there be a difference between ITC in GSTR-3B and GSTR-2A?
Differences can arise due to various reasons, such as suppliers failing to file GSTR-1, errors in GSTR-1 filing (like incorrect GSTINs or invoice details), or suppliers classifying B2B transactions as B2C. The recent circular addresses these discrepancies for specific financial years.
What are the key conditions for claiming ITC under GST?
Key conditions for claiming ITC include possessing a tax invoice, receiving the goods or services, ensuring the supplier has paid the tax to the government, and filing a valid return. Payment for the invoice must also be completed by the recipient.
What happens if ITC is incorrectly claimed?
Incorrectly claimed ITC can lead to various consequences, including demand for repayment of the excess credit with interest, penalties, and potential litigation. Taxpayers may also face scrutiny or audit from tax authorities.