The final acceptance of claim of reduction in output tax liability in respect of any tax period, shall be made available electronically to the person making such claim in Form GST MIS-3.
The claim of reduction in output tax liability in respect of any tax period which had been communicated as mis-matched but is found to be matched after rectification by the supplier or recipient shall be finally accepted and made available electronically to the person making such claim in FORM GST MIS-3 through the Common Portal.
Any discrepancy in claim of reduction in output tax liability, specified in para 10.55 above shall be made available
• to the registered person making such claim electronically in Form GST MIS-3 and
• the recipient electronically in Form GST MIS-4
on or before the last date of the month in which the matching has been carried out.
A supplier to whom any discrepancy is made available may make suitable rectifications in the statement of outward supplies to be furnished for the month in which the discrepancy is made available.
A recipient to whom any discrepancy is made available may make suitable rectifications in the statement of inward supplies to be furnished for the month in which the discrepancy is made available.
Where the discrepancy is not rectified neither by supplier nor by recipient, an amount to the extent of discrepancy shall be added to the output tax liability of the supplier and debited to tax liability register and also shown in his return in Form GSTR-3 for the month succeeding the month in which the discrepancy is made available.
Explanation 1.: Rectification by a supplier means deleting or correcting the details of an outward supply in his valid return so as to match the details of corresponding inward supply declared by the recipient.
Explanation 2.: Rectification by the recipient means adding or correcting the details of an inward supply so as to match the details of corresponding outward supply declared by the supplier.
Process of matching for reduction in output tax liability has been summarized below:
MATCHING OF REDUCTION IN OUTPUT TAX LIABILITY
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