Matching of input tax credit drives acceptance, reversal and interest treatment where supplier reporting is discrepant.

An automated reconciliation requires matching a recipient's inward supplies with supplier outward returns, import tax payments, and duplication checks; matched credits are accepted and notified. Uncorrected supplier non declaration leads to addition of the disputed amount to the recipient's output tax with interest from the date credit was availed. Subsequent supplier compliance within the prescribed timeframe allows the recipient to reverse the addition and obtain an interest refund credited to the electronic cash ledger, subject to limits.

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