GSTN Introduces Form DRC-01C to Address Differences Between GSTR 2B and GSTR 3B

The Goods and Services Tax Network (GSTN) has introduced Form DRC-01C to address discrepancies between GSTR 2B and GSTR 3B. Form DRC-01C is used to report differences in input tax credit as shown in auto-generated statements, which provide details of available input tax credit, and the credit claimed in the return. 

This amendment adds a new rule, Rule 88D, to the CGST rules, outlining how discrepancies in Input Tax Credit (ITC) between auto-generated statements (such as GSTR-2B) and returns (like GSTR-3B) should be handled.

The government has rolled out a new form called GST DRC-01C. This form is automatically generated by the system and is used to report any differences in the available input tax credit, as shown in the auto-generated statement that provides credit details, compared to what's claimed in the return. This is in line with the newly inserted Rule 88D.

Here's how you can access Form DRC-01C:

1. Visit the GST Portal at https://www.gst.gov.in/ 

2. Go to the 'Services' section, and then select 'Returns.'

3. Under 'Returns,' click on 'Return Compliance.'

4. Finally, click on the 'View' option for ITC Mismatch (DRC-01).

Also Read: More Than 3 Million Audit Reports Submitted on the Income Tax Department's Website