Rule 71 - Communication and rectification of discrepancy in claim of input tax credit and reversal of claim of input tax credit (Omitted)

Rule 71 Omitted: Changes in Communication and Rectification of Input Tax Credit Discrepancies Effective October 1, 2022.

Rule 71 of the Central Goods and Services Tax Rules, 2017, which dealt with the communication and rectification of discrepancies in the claim of input tax credit, was omitted effective October 1, 2022. Previously, this rule required discrepancies in input tax credit claims to be communicated to both recipients and suppliers electronically. Suppliers and recipients could rectify discrepancies in their respective statements of outward and inward supplies. If unrectified, the discrepancy amount was added to the recipient's output tax liability in the subsequent month's return. Rectifications involved matching supply details between suppliers and recipients.