Mismatch of outward and inward supply details under Ecommerce business

 

Liability against mismatch of inward and outward supply under Internet Business.

Mismatch of outward and inward supply details under Ecommerce businessWhat will happen if the input output details of ecommerce operators remain mismatched?

According to GST Law of India section 43C (8), the value of a supply relating to any payment in respect of which any discrepancy is communicated and which is not rectified by the supplier in his valid return for the month in which discrepancy is communicated shall be added to the output liability of the said supplier, for the calendar month succeeding the calendar month in which the discrepancy is communicated. The concerned supplier shall, in whose output tax liability any amount has been added shall be liable to pay the tax payable in respect of such supply along with interest, at the rate specified under sub-section (1) of section 36 on the amount so added from the date such tax was due till the date of its payment.

 

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