Section 29 of the MGL provides that the ITC would be confirmed only if the inward details filed by the recipient are matched with the outward details furnished by the supplier in his valid return. What happens if there is a mismatch?

Section 29 of the MGL provides that the ITC would be confirmed only if the inward details filed by the recipient are matched with the outward details furnished by the supplier in his valid return. What happens if there is a mismatch? https://www.taxtmi.com/acts?id=22375 Section 29 conditions confirmation of Input Tax Credit on matching recipient inward details with supplier outward details in a valid return. If a mismatch arises, the supplier must rectify the discrepancy within a prescribed rectification period; if the mismatch persists, the recipient is required to reverse the Input Tax Credit for the unmatched supplies. en-us Thu, 22 Sep 2016 16:59:02 +0530 Thu, 22 Sep 2016 16:59:02 +0530 TaxTMI RSS Generator Section 29 of the MGL provides that the ITC would be confirmed only if the inward details filed by the recipient are matched with the outward details furnished by the supplier in his valid return. What happens if there is a mismatch? https://www.taxtmi.com/acts?id=22375 Section 29 conditions confirmation of Input Tax Credit on matching recipient inward details with supplier outward details in a valid return. If a mismatch arises, the supplier must rectify the discrepancy within a prescribed rectification period; if the mismatch persists, the recipient is required to reverse the Input Tax Credit for the unmatched supplies. Act-Rules Bills Thu, 22 Sep 2016 16:59:02 +0530 https://www.taxtmi.com/acts?id=22375