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of <h1>Draft GST Rule 14: Process for Matching Reduction Claims in Output Tax Liability Under Section 29A Explained</h1> Rule 14 of the Draft GST Return Rules outlines the process for matching claims of reduction in output tax liability under section 29A. This involves verifying specific details such as the GSTINs of the supplier and recipient, credit note date and number, taxable value, and tax amount after the due date for filing FORM GSTR-3. If deadlines for FORM GSTR-1 and GSTR-2 are extended, the matching date will also be extended. A claim is considered matched if the credit note in FORM GSTR-1 is accepted without amendment in FORM GSTR-2A and the recipient's valid return reflects an equal or lesser reduction in input tax credit.
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