Mismatch in GSTR 2B and GSTR 3B

This discussion addresses a common GST query regarding the correct period for claiming Input Tax Credit (ITC) when goods are billed in one month but physically received in the next. The consensus is that ITC can only be claimed in the month of physical receipt, even if it appears on an earlier GSTR 2B. It also touches upon the implications of Rule 36(4) concerning the 5% variance allowed for ITC claims exceeding GSTR 2B.