https://www.taxtmi.com/acts?id=26658 Matching reconciles a recipient's claimed input tax credit with suppliers' outward returns and import tax payments; matched claims are accepted. Discrepancies or duplicate claims are communicated to both parties. Unrectified discrepancies are added to the recipient's output tax liability in the return for the month following communication; duplication adds liability in the month of communication. The recipient may reverse additions if the supplier files the invoice within the prescribed time, and interest on added amounts is payable by the recipient until additions are made, with interest refunds creditable up to the interest paid by the supplier. en-us Wed, 21 Jun 2017 15:50:48 +0530 Tue, 11 Jul 2017 12:13:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26658 Matching reconciles a recipient's claimed input tax credit with suppliers' outward returns and import tax payments; matched claims are accepted. Discrepancies or duplicate claims are communicated to both parties. Unrectified discrepancies are added to the recipient's output tax liability in the return for the month following communication; duplication adds liability in the month of communication. The recipient may reverse additions if the supplier files the invoice within the prescribed time, and interest on added amounts is payable by the recipient until additions are made, with interest refunds creditable up to the interest paid by the supplier. Act-Rules GST - States Wed, 21 Jun 2017 15:50:48 +0530 https://www.taxtmi.com/acts?id=26658