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CHAPTER VIII - RETURNS
Rule 59 of CGST Rules - Form and m...
Rule 60 of CGST Rules - Form and m...
Rule 61 of CGST Rules - Form and m...
Rule 61A of CGST Rules - Manner of...
Rule 62 of CGST Rules - Form and m...
Rule 63 of CGST Rules - Form and m...
Rule 64 of CGST Rules - Form and m...
Rule 65 of CGST Rules - Form and m...
Rule 66 of CGST Rules - Form and m...
Rule 67 of CGST Rules - Form and m...
Rule 67A of CGST Rules - Manner of...
Rule 68 of CGST Rules - Notice to ...
Rule 69 of CGST Rules - Matching o...
Rule 70 of CGST Rules - Final acce...
Rule 71 of CGST Rules - Communicat...
Rule 72 of CGST Rules - Claim of i... Rule 73 of CGST Rules - Matching o... Rule 74 of CGST Rules - Final acce... Rule 75 of CGST Rules - Communicat... Rule 76 of CGST Rules - Claim of r... Rule 77 of CGST Rules - Refund of ... Rule 78 of CGST Rules - Matching o... Rule 79 of CGST Rules - Communicat... Rule 80 of GCST Rules - Annual ret... Rule 81 of CGST Rules - Final retu... Rule 82 of CGST Rules - Details of... Rule 83 of CGST Rules - Provisions... Rule 83A of CGST Rules - Examinati... Rule 83B of CGST Rules - Surrender... Rule 84 of CGST Rules - Conditions...Rule 71 of CGST Rules - Communication and rectification of discrepancy in claim of input tax credit and reversal of claim of input tax credit
https://www.gstgyaan.com/rule-71-of-the-cgst-rules-communication-and-rectification-of-discrepancy-in-claim-of-input-tax-credit-and-reversal-of-claim-of-input-tax-credit
[1] Rules omitted by rule 9 of The CGSTR(2nd A), 2022 vide Notification No. 19/2022-Central Tax dt. 28-09-2022 wef 01-10-2022. Earlier it read as
71. Communication and rectification of discrepancy in claim of input tax credit and reversal of claim of input tax credit.
(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 of output tax liable to be added under sub-section (5) of the said section on account of continuation of such discrepancy, shall be made available to the recipient making such claim electronically in FORM GST MIS-1 and to the supplier electronically in FORM GST MIS-2 through the common portal on or before the 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. |
(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) Where the discrepancy is not rectified under sub-rule (2) or sub-rule (3), an amount to the extent of discrepancy shall be added to the output tax liability of the recipient in his return to be furnished in FORM GSTR-3 for the month succeeding the month in which the discrepancy is made available. |
Explanation.- For the purposes of this rule, it is hereby declared that - (i) Rectification by a supplier means adding or correcting the details of an outward supply in his valid return so as to match the details of corresponding inward supply declared by the recipient; (ii) Rectification by the recipient means deleting or correcting the details of an inward supply so as to match the details of corresponding outward supply declared by the supplier. |
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