Input tax credit timing: debit note date governs eligibility, e invoice QR suffices for transport, export duty refund restriction narrowed. The amendment to section 16(4) delinks debit note date from the underlying invoice date for ITC eligibility, making the debit note issuance date the relevant financial year for claiming input tax credit; the amended rule governs ITC claims made on or after the amendment date, irrespective of when the debit note was issued. E invoices need not be carried physically during movement: an electronic QR code embedding the Invoice Reference Number suffices for verification. The first proviso to section 54(3) restricts refunds of unutilized ITC only where goods are actually subject to export duty; nil rated, exempted, or non scheduled goods are excluded from that restriction.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit timing: debit note date governs eligibility, e invoice QR suffices for transport, export duty refund restriction narrowed.
The amendment to section 16(4) delinks debit note date from the underlying invoice date for ITC eligibility, making the debit note issuance date the relevant financial year for claiming input tax credit; the amended rule governs ITC claims made on or after the amendment date, irrespective of when the debit note was issued. E invoices need not be carried physically during movement: an electronic QR code embedding the Invoice Reference Number suffices for verification. The first proviso to section 54(3) restricts refunds of unutilized ITC only where goods are actually subject to export duty; nil rated, exempted, or non scheduled goods are excluded from that restriction.
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