How claim of reduction in the output tax liability matched in GST

Rule-73 of CGST Rules 2017

Match­ing of claim of reduc­tion in the out­put tax liability .-

The fol­low­ing details relat­ing to the claim of reduc­tion in out­put tax lia­bil­i­ty shall be matched under sec­tion 43 after the due date for fur­nish­ing the return in FORM GSTR‑3, name­ly:-

• Goods and Ser­vices Tax Iden­ti­fi­ca­tion Num­ber of the supplier;
• Goods and Ser­vices Tax Iden­ti­fi­ca­tion Num­ber of the recipient;
• cred­it note number;
• cred­it note date; and
• tax amount:

Pro­vid­ed that where the time lim­it for fur­nish­ing FORM GSTR‑1 under sec­tion 37 and FORM GSTR‑2 under sec­tion 38 has been extend­ed, the date of match­ing of claim of reduc­tion in the out­put tax lia­bil­i­ty shall be extend­ed accordingly:

Pro­vid­ed fur­ther that the Com­mis­sion­er may, on the rec­om­men­da­tions of the Coun­cil, by order, extend the date of match­ing relat­ing to claim of reduc­tion in out­put tax lia­bil­i­ty to such date as may be spec­i­fied therein.

Expla­na­tion.- For the pur­pos­es of this rule, it is here­by declared that –

• 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.

the claim of reduc­tion in the out­put tax lia­bil­i­ty shall be con­sid­ered as matched where the amount of out­put tax lia­bil­i­ty after tak­ing into account the reduc­tion claimed is equal to or more than the claim of input tax cred­it after tak­ing into account the reduc­tion admit­ted and dis­charged on such cred­it note by the cor­re­spond­ing recip­i­ent in his valid return.