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of <h1>Section 42 of Arunachal Pradesh GST Act 2017: Input Tax Credit Matching and Reversal Process Explained</h1> Section 42 of the Arunachal Pradesh Goods and Services Tax Act, 2017, outlines the process for matching, reversal, and reclaiming input tax credit. It mandates that details of inward supplies provided by a recipient must be matched with the supplier's outward supplies and integrated GST paid on imports. Discrepancies or duplications in claims are communicated to both parties, and unresolved discrepancies result in adjustments to the recipient's output tax liability. Recipients can reduce liabilities if suppliers rectify issues within a specified timeframe. Interest is applicable on excess claims, with provisions for refunding interest if discrepancies are resolved.
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