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of <h1>Electronic Notification of Output Tax Discrepancies Under Section 43 via FORM GST MIS-1 & MIS-2 for Timely Rectification.</h1> Discrepancies in claims for reduction in output tax liability under section 43 must be communicated electronically to the registered person and recipient via FORM GST MIS-1 and FORM GST MIS-2, respectively, by the end of the month when the matching occurs. Suppliers and recipients can rectify discrepancies in their respective statements of outward and inward supplies for that month. If unrectified, the discrepancy amount is added to the supplier's output tax liability and reflected in FORM GSTR-3 for the following month. Rectification involves aligning supply details between suppliers and recipients to ensure consistency.
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