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Matching, reversal and reclaim of reduction in output tax liability.

Section 43 - Uttar Pradesh SGST - RETURNS - GST - States - Section 43 - 43. (1) The details of every credit note relating to outward supply furnished by a registered person (hereafter in this section referred to as the supplier ) for a tax period sha .....

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alid return for the same tax period or any subsequent tax period; and (b) for duplication of claims for reduction in output tax liability. (2) The claim for reduction in output tax liability by the supplier that matches with the corresponding reducti .....

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onding reduction in the claim for input tax credit or the corresponding credit note is not declared by the recipient in his valid returns, the discrepancy shall be communicated to both such persons in such manner as may be prescribed. (4) The duplica .....

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recipient in his valid return for the month in which discrepancy is communicated shall be added to the output tax liability of the supplier, in such manner, as may be prescribed, in his return for the month succeeding the month in which the discrepa .....

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cation is communicated. (7) The supplier shall be eligible to reduce, from his output tax liability, the amount added under sub-section (5) if the recipient declares the details of the credit note in his valid return within the time specified in sub- .....

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