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Section 69: Matching of claim of input taxcredit

No. F A-3/4-0/2017/1-V-(64)_ Bhopal, dated - the 30th June, 2017State Rules of Madhya Pradesh · 2017

The following details relating-to the claim of input tax credit on inward supplies including imports, provisionally allowed under section 41, shall be matched under section 42 after the due date for furnishing the return in FORM GSTR-3- .

(a) GoodsandServices Tax Identification Number ofthe supplier;

(b) GoodsandServices Tax Identification Numberofthe recipient;

(c) invoice or debit note number;

(d) invoice or debit note date; and

(e) tax amount:

Provided that where the time limit for furnishing FORM GSTR-1 specified under 634 (31) _ section 37 andFORM GSTR-2specified under section 38 has been extended, the date of matching relating to claim ofiinputtax credit shall alsobe extended‘accordingly:

Provided further that the Commissioner may, on the recommendationsofthe Council, by order, extend the date of matchingrelating to claim of input tax credit to such date as may be specified therein.

Explanation.- For the purposeofthis rule,it is hereby declared that —

(i) The claim ofinput tax credit in respect of invoices and debit notesin FORM GSTR- 2 that were accepted by the recipient on the basis of FORM GSTR-2A without amendment shall be treated as matched if the corresponding supplier has furnished a valid return;

(ii) The claim of input tax credit shall be considered as matched where the amount of input tax credit claimed is equal to or less than the output tax paid on such tax invoice or debit note by the corresponding supplier.

634 (32) Hee Usa, eri 30 FA 2017

Where this provision sits

ActNo. F A-3/4-0/2017/1-V-(64)_ Bhopal, dated - the 30th June, 2017
Section69
Marginal noteMatching of claim of input taxcredit
JurisdictionState of Madhya Pradesh
StatusIn force as published by the source

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