TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 43 of the Puducherry GST Act 2017: Matching, Reversing, and Reclaiming Output Tax Liability Reductions Explained</h1> Section 43 of the Puducherry Goods and Services Tax Act, 2017, outlines the process for matching, reversing, and reclaiming reductions in output tax liability. It mandates that credit notes related to outward supplies be matched with corresponding input tax credit claims by recipients. Discrepancies must be communicated to both parties, and unresolved issues result in adjustments to the supplier's tax liability. Duplicate claims are also addressed, with added liabilities subject to interest. Suppliers can reclaim reductions if recipients rectify discrepancies timely. Interest paid on discrepancies may be refunded, but improper reductions will incur additional liabilities and interest.
TaxTMI 
TaxTMI 
