 "gst, goods and services tax")
One of the fundamental principles of goods and services tax (GST) was the concept of ‘self-policing’, wherein the matching concept for claiming input tax credit was introduced. The matching concept effectively allows a buyer to claim input tax credit only when his vendor is compliant in terms of filing GST returns and paying taxes to the government. This was a departure from the earlier laws, barring VAT legislation in a few states.
The reconciliation of input tax credits was initially envisaged to happen online on the GST Network (GSTN) portal, wherein a buyer was supposed to take action to accept or
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