Input tax credit communication framework now covers electronic supply details and prescribed credit restrictions for recipients.

The substituted section 38 provides for electronic communication of details of outward supplies and an auto-generated statement of input tax credit to recipients, subject to prescribed form, manner, time, conditions, and restrictions. The statement is to include inward supplies on which credit may be available and supplies on which credit cannot be availed wholly or partly for specified reasons, including prescribed registration periods, tax default, output tax mismatch, excess credit, default under section 49(12), and other prescribed classes of persons.

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