On what grounds can your ITC claims be denied?
- Mismatch between details of the returns filed in forms GSTR-1, containing the monthly Statement of Outward Supplies and Form GSTR 3B, containing the summary of monthly GST liabilities of the GST Dealer,
- A mismatch between auto drafted ITC statements by the suppliers in forms GSTR-2B and GSTR 3B
Recent changes in GST rules
- if a GST dealer, required to file his returns monthly, fails to do so, for a continuous period of 6 months,
- If a GST dealer, required to file his returns quarterly, fails to do so for two consecutive tax terms