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 GST Act: Procedures for Matching, Reversing, Reclaiming Tax Reductions and Handling Discrepancies in Output Tax Liability</h1> Section 43 of the Haryana Goods and Services Tax Act, 2017, outlines the procedures for matching, reversing, and reclaiming reductions in output tax liability. It requires the matching of credit notes related to outward supplies with corresponding input tax credit claims by recipients. Discrepancies or duplications in claims are communicated to involved parties, and unrectified discrepancies lead to adjustments in the supplier's output tax liability. Suppliers can reclaim adjustments if recipients declare credit notes within a specified time. Interest is applicable on discrepancies, and refunds are available if reductions are accepted. Violations result in added liabilities and interest penalties.
TaxTMI 
TaxTMI 
