Matching of output tax reduction requires reconciled supplier/recipient details and accepted credit notes to be treated as matched. Matching of reduction claims in output tax liability requires reconciliation of supplier GSTIN, recipient GSTIN, credit note number, credit note date and tax amount after the due date for FORM GSTR-3 returns. Extensions for FORM GSTR-1 and FORM GSTR-2 filing extend the matching date, and the Commissioner may further extend it. A credit note in FORM GSTR-1 is treated as matched if the recipient accepted it in FORM GSTR-2 by filing a valid return without amendment, or where adjusted output tax liability is equal to or exceeds the recipient's admitted reduction in input tax credit in a valid return.
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.
Matching of output tax reduction requires reconciled supplier/recipient details and accepted credit notes to be treated as matched.
Matching of reduction claims in output tax liability requires reconciliation of supplier GSTIN, recipient GSTIN, credit note number, credit note date and tax amount after the due date for FORM GSTR-3 returns. Extensions for FORM GSTR-1 and FORM GSTR-2 filing extend the matching date, and the Commissioner may further extend it. A credit note in FORM GSTR-1 is treated as matched if the recipient accepted it in FORM GSTR-2 by filing a valid return without amendment, or where adjusted output tax liability is equal to or exceeds the recipient's admitted reduction in input tax credit in a valid return.
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