We all know that CBIC had allowed mismatch of 20%, 10% and 5% for the difference between ITC as available in GSTR-2A/ 2B and the ITC as claimed in GSTR-3B Return.
Consequently, GST Department has started issuing notices to several companies after tracking huge mismatch in ITC available and ITC claimed.
The department is of the view that scrutiny of returns is not mandatory, department can directly issue show cause notice.
But tax experts are saying that department should give an opportunity to the assessee to rectify the mismatch.