Input tax credit verification and supplier detail matching may limit ITC availment under prescribed procedural safeguards. Ordinance amends the Bihar GST Act to refine definitions and supply classification, expand reverse charge notifications, revise composition scheme thresholds and registration rules, and introduce section 43A prescribing procedures for furnishing outward-supply details, recipient verification, limits on input tax credit availment where supplier details are not furnished, joint liability where details are furnished but returns not filed, and prescribed safeguards and thresholds for ITC and returns filing.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit verification and supplier detail matching may limit ITC availment under prescribed procedural safeguards.
Ordinance amends the Bihar GST Act to refine definitions and supply classification, expand reverse charge notifications, revise composition scheme thresholds and registration rules, and introduce section 43A prescribing procedures for furnishing outward-supply details, recipient verification, limits on input tax credit availment where supplier details are not furnished, joint liability where details are furnished but returns not filed, and prescribed safeguards and thresholds for ITC and returns filing.
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