https://www.taxtmi.com/acts?id=27617 Matching requires reconciliation of a supplier's reduction in output tax liability with the recipient's corresponding reduction in input tax credit declared in a valid return; matched reductions are accepted and communicated. Discrepancies or duplications are notified; unrectified discrepancies or duplicative reductions are added to the supplier's output tax liability in the specified subsequent return periods and attract interest. If the recipient later declares the credit note within the prescribed time, the supplier may reclaim the added amount and receive interest credit up to the interest paid by the recipient. en-us Sat, 24 Jun 2017 13:44:43 +0530 Tue, 27 Jun 2017 16:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27617 Matching requires reconciliation of a supplier's reduction in output tax liability with the recipient's corresponding reduction in input tax credit declared in a valid return; matched reductions are accepted and communicated. Discrepancies or duplications are notified; unrectified discrepancies or duplicative reductions are added to the supplier's output tax liability in the specified subsequent return periods and attract interest. If the recipient later declares the credit note within the prescribed time, the supplier may reclaim the added amount and receive interest credit up to the interest paid by the recipient. Act-Rules GST - States Sat, 24 Jun 2017 13:44:43 +0530 https://www.taxtmi.com/acts?id=27617