Input tax credit on debit notes now tied to debit note date, altering eligibility for credit under amended GST provision. Amendment to section 16(4) delinks debit note date from underlying invoice date for ITC: the relevant financial year for ITC on a debit note is the debit note's issuance date, and the amended rule governs ITC availment on or after January 1, 2021. E-invoices issued under rule 48(4) may be verified by producing the electronic QR code with IRN instead of a physical invoice. The refund restriction in the first proviso to section 54(3) applies only to goods actually subject to export duty; nil-rate or exempt goods are excluded.
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 on debit notes now tied to debit note date, altering eligibility for credit under amended GST provision.
Amendment to section 16(4) delinks debit note date from underlying invoice date for ITC: the relevant financial year for ITC on a debit note is the debit note's issuance date, and the amended rule governs ITC availment on or after January 1, 2021. E-invoices issued under rule 48(4) may be verified by producing the electronic QR code with IRN instead of a physical invoice. The refund restriction in the first proviso to section 54(3) applies only to goods actually subject to export duty; nil-rate or exempt goods are excluded.
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