Output tax liability increases when mismatched supply details remain unrectified, triggering tax payment with interest from due date. Where communicated discrepancies in supply details are not rectified in the supplier's valid return for the month of communication, the value of the affected supply is added to the supplier's output liability for the succeeding calendar month, and that supplier must pay the tax on the added amount together with interest from the date the tax was due until payment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Output tax liability increases when mismatched supply details remain unrectified, triggering tax payment with interest from due date.
Where communicated discrepancies in supply details are not rectified in the supplier's valid return for the month of communication, the value of the affected supply is added to the supplier's output liability for the succeeding calendar month, and that supplier must pay the tax on the added amount together with interest from the date the tax was due until payment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
