The following details relating to the claim of reduction in outputtaxliability shall be matched undersection 43 after the due date for furnishing the return in FORM GSTR-3:- | (a) Goodsand Services Tax Identification Numberofthe supplier;
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(b) Goodsand Services Tax Identification Numberofthe recipient;
(c) credit note number;
(da) credit note date; and
(e) tax amount:
Provided that where the time limit for furnishing FORM GSTR-1 undersection 37 and FORM GSTR-2 undersection has been extended, the date of matching ofclaim of reduction in the outputtax liability shall be extended accordingly:
Provided further that the Commissioner may, on the recommendationsofthe Council, by order, extend the date of matchingrelating to claim of reduction in output tax liability to such date as may be specified therein.
Explanation.- For the purpose ofthis rule,it is hereby declared that —
(i) The claim of reduction in output tax liability due to issuance of credit notes in FORM GSTR-1 that were accepted by the corresponding recipient in FORM GSTR-2 without amendment shall be treated as matched if the said recipient has furnished a valid return.
(ii) The claim of reduction in the output tax liability shall be considered as matched where the amountofoutputtax liability after taking into account the reduction claimed is equal to or more than the claim ofinput tax credit after taking into account the reduction admitted and discharged on such credit note by the corresponding recipient in his valid return.
74, Final acceptanceof reduction in output tax liability and communication thereof.-
(1) The final acceptance of claim of reduction in output tax liability in respect of any tax - period,specified-in sub-section. (2) ofsection.43, shall be made available electronically to the person making such claim in FORM GST MIS-1 through the commonportal.
(2) 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-1 through the commonportal.