Input tax credit eligibility delinked from invoice to debit note date; e invoice QR and export duty refund rules clarified. Section 16(4) (w.e.f. 01.01.2021) delinks debit note date from underlying invoice date for ITC eligibility, making the debit note's issuance date determinative and applying the amended rule to ITC availment on or after 01.01.2021. Where e invoices are issued, electronic production of the QR code with the IRN suffices instead of carrying a physical invoice during goods movement. The restriction on refund of accumulated ITC under section 54(3) applies only to goods actually subject to export duty; goods with NIL or exempt export duty are not covered by that limitation.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit eligibility delinked from invoice to debit note date; e invoice QR and export duty refund rules clarified.
Section 16(4) (w.e.f. 01.01.2021) delinks debit note date from underlying invoice date for ITC eligibility, making the debit note's issuance date determinative and applying the amended rule to ITC availment on or after 01.01.2021. Where e invoices are issued, electronic production of the QR code with the IRN suffices instead of carrying a physical invoice during goods movement. The restriction on refund of accumulated ITC under section 54(3) applies only to goods actually subject to export duty; goods with NIL or exempt export duty are not covered by that limitation.
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