https://www.taxtmi.com/acts?id=25809 Matching requires suppliers' credit note details to reconcile with recipients' reductions in input tax credit; matched claims are accepted and communicated. Discrepancies or undeclared credit notes are communicated to both parties, and unrectified amounts are added to the supplier's output tax liability. Duplication results in addition in the month of communication. Suppliers are liable for interest from the date of the original claim until addition. If the recipient later declares the credit note within the time under section 39(9), the supplier may reclaim the amount and receive refund of interest limited to the interest paid by the recipient. en-us Sat, 17 Jun 2017 11:30:08 +0530 Fri, 28 Jul 2017 15:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=25809 Matching requires suppliers' credit note details to reconcile with recipients' reductions in input tax credit; matched claims are accepted and communicated. Discrepancies or undeclared credit notes are communicated to both parties, and unrectified amounts are added to the supplier's output tax liability. Duplication results in addition in the month of communication. Suppliers are liable for interest from the date of the original claim until addition. If the recipient later declares the credit note within the time under section 39(9), the supplier may reclaim the amount and receive refund of interest limited to the interest paid by the recipient. Act-Rules GST - States Sat, 17 Jun 2017 11:30:08 +0530 https://www.taxtmi.com/acts?id=25809