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of <h1>Section 42: Matching, Reversing, and Reclaiming Input Tax Credit Under Rajasthan GST Act 2017</h1> Section 42 of the Rajasthan Goods and Services Tax Act, 2017, outlines the process for matching, reversing, and reclaiming input tax credit. It requires that the details of inward supplies reported by a recipient be matched with the corresponding outward supplies reported by the supplier, as well as with integrated GST paid on imports. Discrepancies or duplications in claims are communicated to both parties, and unresolved issues result in adjustments to the recipient's output tax liability. The recipient can reduce their liability if the supplier rectifies the discrepancy within a specified time. Interest is applicable on adjustments, and any excess interest paid may be refunded.
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