How to reply DRC-01 | Circular No.193/05/2023 | Rule 36(4) |

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Circular No. 193/05/2023-GST dated 17th July 2023 addresses discrepancies between Input Tax Credit (ITC) availed in FORM GSTR-3B and the details available in FORM GSTR-2A for the period from 1st April 2019 to 31st December 2021.
1. Rule 36(4) Applicability:
1st April 2019 to 8th October 2019: Guidelines from Circular No. 183/15/2022-GST dated 27th December 2022 are applicable.
9th October 2019 to 31st December 2019: Rule 36(4) allowed availing additional ITC up to 20% of eligible credit if not furnished by suppliers.
1st January 2020 to 31st December 2020: The limit was reduced to 10%.
1st January 2021 to 31st December 2021: The limit was further reduced to 5%.
From 1st January 2022 onwards: ITC can only be availed to the extent communicated in FORM GSTR-2B.

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