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of <h1>Section 43: GST Credit Note Procedures and Discrepancy Handling for Output Tax Liability Adjustments</h1> Section 43 of the Andhra Pradesh Goods and Services Tax Act, 2017, outlines the procedures for matching, reversal, and reclaim of reductions in output tax liability. It mandates that credit notes issued by suppliers for outward supplies must be matched with corresponding reductions in input tax credit claims by recipients. Discrepancies or duplications in claims must be communicated to both parties, with unresolved discrepancies added to the supplier's output tax liability. Suppliers can adjust their liabilities if recipients rectify discrepancies within specified times. Interest is applicable on discrepancies, and refunds are provided for accepted reductions, subject to conditions.
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