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of <h1>Understanding Section 42: Aligning Inward and Outward Supply Details for Input Tax Credit Under GST Act 2017</h1> Section 42 of the West Bengal Goods and Services Tax Act, 2017, outlines the process for matching, reversing, and reclaiming input tax credit (ITC). It requires the recipient's inward supply details to align with the supplier's outward supply details and the integrated GST paid on imports. Discrepancies or duplications in ITC claims are communicated to both parties, and unresolved issues may increase the recipient's output tax liability. Recipients can reduce liability if the supplier corrects discrepancies timely. Interest applies to added liabilities, and refunds are possible if reductions are accepted. Violations of reduction provisions result in added liabilities and interest.
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