Input tax credit procedure tightened with mandatory electronic declaration and restricted carry forward for customs duty credit. Amendments extend certain procedural timelines and require electronic declaration in FORM GST ITC-01 within thirty days of eligibility for input tax credit, allow Commissioner to extend time limits, and deem extensions by State or UT Commissioners as notified. They restrict carry-forward credit for additional duty of customs on imported gold dore bar to one-sixth with the balance debited on supply or within one week if supply already occurred. Payment mechanisms for specified non-resident online suppliers are expanded to include Board systems and international transfer via SWIFT when notified. FORM GST REG-13 and REG-01 instructions are revised for UIN applications and government departments.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit procedure tightened with mandatory electronic declaration and restricted carry forward for customs duty credit.
Amendments extend certain procedural timelines and require electronic declaration in FORM GST ITC-01 within thirty days of eligibility for input tax credit, allow Commissioner to extend time limits, and deem extensions by State or UT Commissioners as notified. They restrict carry-forward credit for additional duty of customs on imported gold dore bar to one-sixth with the balance debited on supply or within one week if supply already occurred. Payment mechanisms for specified non-resident online suppliers are expanded to include Board systems and international transfer via SWIFT when notified. FORM GST REG-13 and REG-01 instructions are revised for UIN applications and government departments.
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