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of <h1>Section 43A: Outlines Return Filing, Input Tax Credit Procedures, and Joint Liability for Suppliers and Recipients.</h1> Section 43A, introduced by the Central Goods and Services Tax (Amendment) Act, 2018, establishes procedures for registered persons to furnish returns and avail input tax credit. It mandates verification, modification, or deletion of supplier-furnished supply details in returns. The section prescribes procedures for availing input tax credit, including limitations on credit not exceeding 20% of available credit based on supplier details. It holds suppliers and recipients jointly liable for tax or credit availed on outward supplies if returns are not filed. Recovery procedures for wrongly availed tax or credit are specified, with certain thresholds and safeguards for registered persons.
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