The Input Tax Credit (ITC) is a privilege given to the taxpayer by the Govt. The taxpayer is thankful for it but the condition put forward (by the Govt.) for enjoying it is not simple. The taxpayer has to ask himself a lot of questions as to whether he should claim ITC as per his books of accounts or as per GSTR-2A or as per GSTR-2B or as per rule 36(4) or simply when he fulfills the conditions laid down under section 16 of GST Act. Looking into these questions it makes the taxpayer to think that GST though Good but the compliance is certainly not Simple.
Source Taxguru
