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Shortfall/excess ITC in Tax liabilities and ITC Comparison chart

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Anil Vij

7 Points Posted on 10 February 2023

I have downloaded ITC comparison chart from GST portal. It is showing shortfall in ITC claimed.

This shortfall is on account of ineligible ITC not claimed by us.

The ineligible ITC was reported in the respective columns in GSTR-3B.

Do i need to take any further action or this is common in the statement ?

Thanks.

Replies (5)

Quick Summary

Users are querying a shortfall in their ITC (Input Tax Credit) as shown on the GST portal's comparison chart. This shortfall is due to ineligible ITC that was correctly reported in GSTR-3B but not claimed. The consensus from other users is that no further action is required, as this is a common occurrence and the ineligible ITC has already been accounted for.