Input Tax Credit reversal when invoice mismatch persists; supplier may face recovery proceedings if tax unpaid. ITC claimed depends on invoice matching between GSTR-2 and GSTR-1; persistent mismatches after notice lead to reversal of ITC, and if the supplier issued ... Summary
Input Tax Credit reversal when invoice mismatch persists; supplier may face recovery proceedings if tax unpaid.
ITC claimed depends on invoice matching between GSTR-2 and GSTR-1; persistent mismatches after notice lead to reversal of ITC, and if the supplier issued the invoice but failed to upload it or pay tax, recovery action and proceedings will be taken against the supplier.
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