ASMT 10 (GSTR2A VS GSTR3B MISMATCH OF ITC)

This discussion addresses an ASMT 10 notice concerning a significant Input Tax Credit (ITC) mismatch between GSTR-3B and GSTR-2A for July-September 2020. The user claimed ITC of ₹11,50,000 while only ₹1,50,000 was reflected in GSTR-2A, due to the supplier's delay in uploading invoices. Although the supplier eventually uploaded the invoices in February 2021 and interest was paid on the delayed ITC, the user is seeking clarification on whether further interest at 24% p.a. is payable for the period July-February 2021, given the supplier's fault. The consensus leans towards not paying additional interest, citing Section 16 and questioning the validity of Rule 36(4) in this context, especially since the tax was eventually paid and the ITC reflected later in the same financial year.