Goods and Services Tax amendment revises definitions, input tax credit procedures, return filing, reverse charge and registration rules. Amendment updates definitions and classification of supplies, expands government power to notify recipients liable under reverse charge, revises composition scheme conditions and registration rules including separate SEZ registration and suspension during cancellation, and inserts section 43A prescribing procedures for furnishing outward-supply details, recipient verification, limits on availing input tax credit where supplier details are absent, deemed supplier liability for furnished details, and joint and several liability for tax or wrongly availed credit with prescribed recovery safeguards.
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Provisions expressly mentioned in the judgment/order text.
Goods and Services Tax amendment revises definitions, input tax credit procedures, return filing, reverse charge and registration rules.
Amendment updates definitions and classification of supplies, expands government power to notify recipients liable under reverse charge, revises composition scheme conditions and registration rules including separate SEZ registration and suspension during cancellation, and inserts section 43A prescribing procedures for furnishing outward-supply details, recipient verification, limits on availing input tax credit where supplier details are absent, deemed supplier liability for furnished details, and joint and several liability for tax or wrongly availed credit with prescribed recovery safeguards.
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