https://www.taxtmi.com/acts?id=25563 Input tax credit claims are accepted where recipient details match supplier returns or import tax payments; discrepancies or duplicate claims are communicated. Unrectified discrepancies are added to the recipient's output tax liability in the subsequent return and duplicate credits are added in the month of communication. Added amounts attract interest from the date of availing credit until addition. If supplier later corrects returns within the prescribed time, the recipient may reduce the added liability and obtain interest credit limited to interest paid by the supplier; improper reductions are re-added with higher interest. en-us Mon, 12 Jun 2017 14:40:08 +0530 Tue, 13 Jun 2017 18:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=25563 Input tax credit claims are accepted where recipient details match supplier returns or import tax payments; discrepancies or duplicate claims are communicated. Unrectified discrepancies are added to the recipient's output tax liability in the subsequent return and duplicate credits are added in the month of communication. Added amounts attract interest from the date of availing credit until addition. If supplier later corrects returns within the prescribed time, the recipient may reduce the added liability and obtain interest credit limited to interest paid by the supplier; improper reductions are re-added with higher interest. Act-Rules GST - States Mon, 12 Jun 2017 14:40:08 +0530 https://www.taxtmi.com/acts?id=25563