GST Registration to be cancelled if ITC taken in GSTR-3B varies more than 10% with GSTR-2B

The Goods and Services Tax Network (“GSTN”) has issued an update w.r.t. GST Registration to be cancelled if Input Tax Credit (“ITC”) taken in GSTR-3B varies more than 10% with GSTR-2B.

Registration can be suspended as the percentage difference in liability declared in GSTR-3B varies more than 10% with that declared in GSTR-1 or the ITC claimed in GSTR-3B varies more than 10% with the values auto-populated from GSTR-2B on the basis of GSTR-1 filed by suppliers

 

Source - GST Portal