after matching gstr-3b with gstr-3

In our earlier blog, ‘Matching of GSTR-3B with GSTR-1, GSTR-2 and GSTR-3’ we discussed on how the GST system reconciles GSTR-3B with Forms GSTR-1, GSTR-2 and GSTR-3.In this blog, we will discuss about the impact of mismatch of GSTR-3B with GSTR-3 on businesses. After matching GSTR-3B with GSTR-3, the outcome will result into any one of the following situation. Tax paid as per GSTR-3B matches with tax payable in GSTR-3 Tax paid as per GSTR-3B is less than the tax payable in GSTR-3 ITC claimed in GSTR-3B is more than the eligible ITC in GSTR-2 ITC claimed in GSTR-3B is less than the eligible ITC in GSTR-2 Tax paid as per GSTR-3B is more than the tax payable in GSTR-3 […]