https://www.taxtmi.com/acts?id=27407 Matching of a recipient's inward-supply details with the supplier's outward returns, integrated tax on imports, and duplication checks governs acceptance of input tax credit; matched claims are finally accepted and communicated. Discrepancies where recipient claims exceed supplier-declared tax or are undeclared are communicated to both parties, and unrectified discrepancies or duplicated claims are added to the recipient's output tax liability and attract interest until corrected. Subsequent supplier declaration within the prescribed period permits reduction of the added amount and refund of interest to the recipient's electronic cash ledger subject to prescribed limits; improper reductions are re-added with interest. en-us Fri, 23 Jun 2017 18:01:54 +0530 Tue, 25 Jul 2017 12:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27407 Matching of a recipient's inward-supply details with the supplier's outward returns, integrated tax on imports, and duplication checks governs acceptance of input tax credit; matched claims are finally accepted and communicated. Discrepancies where recipient claims exceed supplier-declared tax or are undeclared are communicated to both parties, and unrectified discrepancies or duplicated claims are added to the recipient's output tax liability and attract interest until corrected. Subsequent supplier declaration within the prescribed period permits reduction of the added amount and refund of interest to the recipient's electronic cash ledger subject to prescribed limits; improper reductions are re-added with interest. Act-Rules GST - States Fri, 23 Jun 2017 18:01:54 +0530 https://www.taxtmi.com/acts?id=27407