(1) Any discrepancy in claim of reduction in output tax liability, specified in sub-section (3) of section 43, and the details of output tax liability to be added under sub-section (5) of the said section on account of continuation of such discrepancy, shall be made available to the registered person making such claim electronically in FORM GST MIS- 1 and therecipient electronically in FORM GST MIS-2 through the commonportal on or beforethe last date 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.
34 634 (33) 634 (34) Heages tsa, fei 30 FA 2017
(3) A recipient to whom any discrepancy is made available under sub-rule (1) may makesuitable rectifications in the statement of inward supplies to be furnished for the month in whichthe discrepancy is made available.
(4) Where the discrepancyis not rectified under sub-rule (2) or sub-rule (3), an amountto the extent of discrepancy shall be added to the output tax liability ofthe supplier anddebited to the electronic liability register and also shown in his return in FORM GSTR-3 for the month succeeding the month in which the discrepancy is made available.
Explanation.- For the purposeofthis rule,it is hereby declared that —
(i) Rectification by a supplier means deleting or correcting the details of an outward ’ supply in his valid return so as to match the details of corresponding inward supply ' declared bytherecipient;
(ii) Rectification by the recipient means adding or correctingthe details of an inward supply so as to match the details of corresponding outward supply declared by the supplier. ,