The GSTN furnished an Advisory No. 614 on November 14, 2023, for Online Compliance about ITC mismatch – GST DRC-01C.
It is stated that GSTN has been made a utility for the operation to generate automated intimation in Form GST DRC-01C that drives the assessees to elaborate on the difference in the ITC available in Form GSTR-2B statement and ITC claimed in GSTR-3B return online as stated via the GST council. The same feature is live on the GST portal.
The same utility is distinguished from the ITC shown in GSTR-3B/3BQ with the ITC available in GSTR-2B/2BQ for each return duration. When the ITC availed in the GSTR 3B will be more than the ITC available in the GSTR-2B via a predefined limit or the percentage difference is more than the configurable limit the assessee shall obtain the intimation in the form of DRC-01C.
On obtaining an intimation the assessee should file an answer through Form DRC-01C Part B. The assessee has the choice to either furnish the information of the payment incurred to settle the difference through Form DRC-03 furnish an answer for the difference or even opt for the combination of both options.
For the case when no answer is been furnished via the affected assessees in Form DRC-01C Part B, these assessees shall not be able to file their following period Form GSTR-1/IFF.
