GST officers will have to seek details of all invoices on which input tax credit (ITC) has been availed of by erring business in cases of mismatch in GSTR-1 and GSTR-3B before initiating recovery action for short payment or non-payment of taxes.
The Central Board of Indirect Taxes & Customs (CBIC) on Tuesday issued circular clarifying guidelines on recovery proceedings for the period 2017-18 and 2018-19. This is following the recommendations of the GST Council in its last meeting on December 17.
The taxmen should also check whether any reversal of ITC is required to be made by verifying certain