CGST Rule 74 – Final acceptance of reduction in output tax liability and communication thereof [Updated 2019]

CGST Rule 74 – Final acceptance of reduction in output tax liability and communication thereof

Rule 74 (1)

The final acceptance of claim of reduction in output tax liability in respect of any tax period, specified in sub-section (2) of section 43, shall be made available electronically to the person making such claim in FORM GST MIS-1 through the common portal.

Rule 74 (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 common portal.

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