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 ... Summary
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.
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