https://www.taxtmi.com/acts?id=24941 Matching of inward supply details with supplier returns and import tax records is required; reconciled claims of input tax credit are accepted and communicated. Discrepancies and duplicated claims are notified; unresolved discrepancies are added to the recipient's output tax liability and attract interest from the date credit was availed. If the supplier later corrects returns within the permitted period, the recipient may reduce the added liability and obtain refund of interest to the electronic cash ledger, capped at the interest paid by the supplier; unauthorized reductions are re added and subject to higher interest. en-us Thu, 11 May 2017 11:04:06 +0530 Thu, 11 May 2017 12:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24941 Matching of inward supply details with supplier returns and import tax records is required; reconciled claims of input tax credit are accepted and communicated. Discrepancies and duplicated claims are notified; unresolved discrepancies are added to the recipient's output tax liability and attract interest from the date credit was availed. If the supplier later corrects returns within the permitted period, the recipient may reduce the added liability and obtain refund of interest to the electronic cash ledger, capped at the interest paid by the supplier; unauthorized reductions are re added and subject to higher interest. Act-Rules GST - States Thu, 11 May 2017 11:04:06 +0530 https://www.taxtmi.com/acts?id=24941