Shortfall/excess ITC in Tax liabilities and ITC Comparison chart

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22 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.

 

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On 10 February 2023 at 14:49 Report
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.

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Profession
19978 Points Posted on 10 February 2023
Not necessarily.
2 Reply
On 10 February 2023 at 15:00
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GST Consultant
10402 Points Posted on 10 February 2023

No further action required....

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On 10 February 2023 at 18:03
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Chartered Accountant
44487 Points Posted on 10 February 2023
No need to do anything.
3 Reply
On 10 February 2023 at 20:08
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144 Points Posted on 10 February 2023
Not Required
2 Reply
On 10 February 2023 at 20:24
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Practicing Chartered Accountant
681 Points Posted on 11 February 2023
No further action required
1 Reply
On 11 February 2023 at 22:09

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