Earlier, the 50th Meeting of the GST Council was held on July 11, 2023 in New Delhi, wherein it was recommended to insert Rule 88D and Form DRC-01C in the Central Goods and Services Tax, Rules, 2017 (“the CGST Rules”) to provide the system-based intimation mechanism in respect of the excess availment of ITC in Form GSTR-3B vis-à-vis Form GSTR-2B by the taxpayer above a certain threshold. Further, it was recommended to prescribe the procedure of auto-compliance on the part of the taxpayers, to explain the reasons for the difference or take remedial action regarding such differences.
Source a2ztaxcorp
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