The 50th Meeting of the GST Council was held on July 11, 2023 in New Delhi, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.
In line with the recommendations made by the GST Council during its 48th meeting, Circular No. 183/15/2022-GST dated December 27, 2022. This circular outlined the procedure for verifying input tax credit discrepancies between the Input Tax Credit claimed in FORM GSTR-3B and the available credit as per FORM GSTR-2A for the financial years 2017-18 and 2018-19.
To provide further relief to taxpayers, the Council has recommended the issuance of another circular. This circular will establish a similar procedure for verifying input tax credit discrepancies between the credit availed in FORM GSTR-3B and the available credit as per FORM GSTR-2A during the period from 01.04.2019 to 31.12.2021.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1938812