Shortfall/excess ITC in Tax liabilities and ITC Comparison chart

ITC / Input 1425 views 5 replies
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7 Points Joined November 2020

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
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28018 Points Joined May 2017
Not necessarily.
2 Reply
On 10 February 2023 at 15:00
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GST Consultant
15986 Points Joined March 2013

No further action required....

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On 10 February 2023 at 18:03
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Chartered Accountant
86505 Points Joined April 2011
No need to do anything.
3 Reply
On 10 February 2023 at 20:08
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210 Points Joined October 2020
Not Required
2 Reply
On 10 February 2023 at 20:24
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Practicing Chartered Accountant
959 Points Joined May 2016
No further action required
1 Reply
On 11 February 2023 at 22:09


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