Reetu | Jul 12, 2023 |
CBIC to extend Benefit of Circular No.183/15/2022-GST for period 01.04.2019 to 31.12.2021
The 50th GST Council Meeting was held on July 11, 2023 in New Delhi under the chairpersonship of the Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman.
Various important announcement relating to changes in GST tax rates, measures for facilitation of trade and measures for streamlining compliances in GST were made.
As per the recommendations of the Council in its 48th meeting, Circular No.183/15/2022-GST dated 27th December, 2022 was issued to provide for the procedure for verification of input tax credit in cases involving difference in Input Tax Credit availed in FORM GSTR-3B vis a vis that available as per FORM GSTR-2A during FY 2017-18 and 2018-19.
To provide additional relief to taxpayers, the Council recommended that a circular be issued to provide for a similar procedure for verification of input tax credit in cases involving differences in Input Tax Credit availed in FORM GSTR-3B versus that available in FORM GSTR-2A from 01.04.2019 to 31.12.2021.
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