Punishable ITC Mismatched Monthly or Yearly

This discussion explores the penalties associated with Input Tax Credit (ITC) mismatches in GST. It questions whether the punishment is based on monthly returns (GSTR 2A) or the annual return (GSTR 9). The thread notes that prior to September 2020, consolidated matching was acceptable, but monthly reconciliation is now the standard and will become even stricter. It seeks clarification on the specific circulars or notifications defining the ITC matching period.