Procedure for matching of claim of reduction in the output tax liability in respect of credit note :
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 -(a) GSTIN of the supplier; (b) GSTIN of the recipient; (c) credit note number; (d) credit note date; (e) taxable value; and (f) tax amount – rule 14 of Return Rules.
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.
The claim of reduction in output tax liability due to issuance of credit notes in form GSTR-1 that were accepted by the recipient in form GSTR-2 without amendment shall be treated as matched if the corresponding recipient has furnished a valid return.
Claim matched if reduction claim equal to or less that claim of reduction in ITC – The claim of reduction in the output tax liability shall be considered as matched, where the amount of reduction claimed is equal to or less than the claim of reduction in input tax credit admitted and discharged on such credit note by the corresponding recipient in his valid return.