Input tax credit timing: debit note issuance now fixes financial year for ITC; e invoice QR suffices for transport validation. For debit notes, the date of issuance of the debit note determines the relevant financial year for input tax credit availment, and the amended provision governs ITC claimed on or after the effective date; e invoices with QR codes embedding an IRN may be produced electronically instead of physical invoices during transport; and the refund restriction on unutilized ITC applies only to goods actually subject to export duty, excluding goods with nil or exempt export duty.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit timing: debit note issuance now fixes financial year for ITC; e invoice QR suffices for transport validation.
For debit notes, the date of issuance of the debit note determines the relevant financial year for input tax credit availment, and the amended provision governs ITC claimed on or after the effective date; e invoices with QR codes embedding an IRN may be produced electronically instead of physical invoices during transport; and the refund restriction on unutilized ITC applies only to goods actually subject to export duty, excluding goods with nil or exempt export duty.
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