Public Accounts Committee flags mismatches in GST worth Rs 16.6K cr in FY21

The Public Accounts Committee (PAC) has flagged massive discrepancies in Input Tax Credit (ITC) reporting, with mismatches between monthly (GSTR-3B) and annual (GSTR-9) Goods and Services Tax (GST) returns.

 

The committee’s 19th report on the Central Board of Indirect Taxes & Customs’ (CBIC’s) compliance audit reveals that over 33,381 GST returns between 2017 and 2021 had inconsistencies, with a ₹16,622 crore gap in ITC claims in FY21 alone.

 

The PAC said the inconsistencies highlight serious inefficiencies in the GST system’s data validation and reconciliation processes as GSTR-9 is auto-populated from GSTR-3B.

 

The Committee strongly criticised the government, saying that “considering