(1) Any discrepancy in the claim of input tax credit in respect of any tax period, specified in sub-section (3) of section 42 and the details ofoutput tax liable to be added under sub-section (5) of the said section on account of continuation of such discrepancy, shall be madeavailable to the recipient making such claim electronically in FORM GST MIS-1 and to the supplier electronically in FORM GST MIS-2 through the commonportal on or before the lastdate of the month in which the matching has been carried out.
(2) A supplier to whom any discrepancy is made.available under sub-rule (1) may make suitable rectifications in the statement of outward supplies to be furnished for the month in.
which the discrepancy is made available.
(3) A recipient to whom any discrepancy is made available under sub-rule (1) may make suitable rectifications in the statement of inward supplies to be furnished for the month in which the discrepancy is made available.
(4) Wherethe discrepancyis not rectified under sub-rule (2) or sub-rule (3), an amountto the extent of discrepancy shall be added to the outputtax liability of the recipient in his return to be furnished in FORM GSTR-3 for the month succeeding the month in which the discrepancyis made available.
Explanation.- For the purposeofthis rule, iit is hereby declared that-
(i) Rectification bya supplier means addingor correcting the details of an outward supplyin his valid return so as to match the details of correspondinginward supply declared by the recipient;
(ii) Rectification by the recipient means deleting or correcting the details of an inward supply so as to matchthe details of corresponding outward supply declared by the supplier.