Jul 05, 2024
Prepared by
What will happen if the details remain mismatched?
The value of a supply relating to any payment in respect of which any discrepancy is communicated and which is not rectified by the supplier in his valid return for the month in which discrepancy is communicated shall be added to the output liability of the said supplier, for the calendar month succeeding the calendar month in which the discrepancy is communicated. The concerned supplier shall, in whose output tax liability any amount has been added shall be liable to pay the tax payable in respect of such supply along with interest on the amount so added from the date such tax was due till the date of its payment.
Tags
valid-returndiscrepancytax-payablerectifiedsuppliercommunicatedpaymentsupplyvalueoutput-liability