The Central Board of Indirect Taxes and Customs, amongst laying down procedures to meet the recommendations from the 48th GST Council Meeting, has inserted a new rule, Rule 88C after the Rule 88B, by amending the Central Goods and Services Tax Rules, 2017.
Rule 88C lays down the manner of dealing with difference in liability reported in statements of outward supplies and that reported in return. This is likely to affect the taxpayers in case of any inconsistency in filings of GSTR-1 and GSTR-3B.
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