https://www.taxtmi.com/acts?id=23946 Details of supplier credit notes must be matched with corresponding reductions in recipients' input tax credit in prescribed returns to detect duplication. Matched supplier reductions are accepted; discrepancies where supplier reductions exceed recipient declarations are communicated and added to the supplier's output tax liability in the subsequent return. Duplications are added back similarly. Suppliers can reverse additions if recipients declare credit notes within the specified period; additions attract interest from the date of claim until addition, and later accepted reductions permit refund of interest by electronic credit within prescribed limits. en-us Mon, 27 Mar 2017 17:09:11 +0530 Thu, 25 Sep 2025 11:40:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23946 Details of supplier credit notes must be matched with corresponding reductions in recipients' input tax credit in prescribed returns to detect duplication. Matched supplier reductions are accepted; discrepancies where supplier reductions exceed recipient declarations are communicated and added to the supplier's output tax liability in the subsequent return. Duplications are added back similarly. Suppliers can reverse additions if recipients declare credit notes within the specified period; additions attract interest from the date of claim until addition, and later accepted reductions permit refund of interest by electronic credit within prescribed limits. Act-Rules GST Mon, 27 Mar 2017 17:09:11 +0530 https://www.taxtmi.com/acts?id=23946