Eye Share : Mismatch of ITC - Analysis of legal provisions and the way forward

One notable aspect about the Indian GST model which makes it different from the GST models prevailing in other countries is the invoice-matching mechanism. While the matching concept is not new to the Indian taxpayer, however, the process has gained more significance in the GST regime as the validity of the ITC claimed by the business is monitored by the GST authorities regularly.Analysing the legal provisions behind ITC matching and its imp...