ITC EXCESS CLAIMED NOTICE ISSUED

This discussion addresses a GST-registered dealer who received a notice for claiming excess Input Tax Credit (ITC). The notice highlights discrepancies between GSTR-3B and GSTR-2A/2B filings. Key questions revolve around mandatory tax payment for excess claims, reasons for the difference (like un-uploaded GSTR-1 invoices), and the applicability of GSTR-2A/2B comparisons. Expert advice suggests that ITC reversal isn't always necessary if original invoices exist, goods/services were received, and payment was made, with GSTR-2B comparison rules starting from January 1, 2022.