https://www.taxtmi.com/acts?id=30213 Suppliers' credit notes must be matched with recipients' corresponding reductions in input tax claims; matched reductions are accepted and communicated, while discrepancies or undeclared or duplicative reductions are notified and the discrepant amounts are added back to the supplier's output tax liability. Interest attaches to amounts added back from the date of the original claim until addition; if the recipient subsequently declares the credit note within the prescribed period, the supplier may reverse the addition and recover interest, limited to the interest paid by the recipient. en-us Sat, 08 Jul 2017 18:20:22 +0530 Tue, 18 Jul 2017 13:10:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30213 Suppliers' credit notes must be matched with recipients' corresponding reductions in input tax claims; matched reductions are accepted and communicated, while discrepancies or undeclared or duplicative reductions are notified and the discrepant amounts are added back to the supplier's output tax liability. Interest attaches to amounts added back from the date of the original claim until addition; if the recipient subsequently declares the credit note within the prescribed period, the supplier may reverse the addition and recover interest, limited to the interest paid by the recipient. Act-Rules GST - States Sat, 08 Jul 2017 18:20:22 +0530 https://www.taxtmi.com/acts?id=30213