https://www.taxtmi.com/acts?id=26999 Matching requires alignment of a supplier's credit note details with the recipient's corresponding reduction in input tax credit in valid returns; matched claims are accepted and communicated. Discrepancies where supplier reductions exceed recipient declarations, and duplications, are communicated and the unresolved amounts are added to the supplier's output tax liability in the prescribed month. Suppliers bearing added amounts pay interest from the date of the original claim; if the recipient later declares the credit note within the permitted time, the supplier may reclaim the added amount and receive refunded interest credited to the electronic cash ledger, subject to a refund cap tied to interest paid by the recipient. en-us Thu, 22 Jun 2017 15:41:56 +0530 Thu, 22 Jun 2017 15:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26999 Matching requires alignment of a supplier's credit note details with the recipient's corresponding reduction in input tax credit in valid returns; matched claims are accepted and communicated. Discrepancies where supplier reductions exceed recipient declarations, and duplications, are communicated and the unresolved amounts are added to the supplier's output tax liability in the prescribed month. Suppliers bearing added amounts pay interest from the date of the original claim; if the recipient later declares the credit note within the permitted time, the supplier may reclaim the added amount and receive refunded interest credited to the electronic cash ledger, subject to a refund cap tied to interest paid by the recipient. Act-Rules GST - States Thu, 22 Jun 2017 15:41:56 +0530 https://www.taxtmi.com/acts?id=26999