GST amendment: expanded definitions and a new portal-based procedure linking supplier disclosures to recipient input tax credit availability. Ordinance amending the Goa GST Act revises definitions and classifications, adjusts composition levy eligibility, empowers notification of reverse charge and return periodicity, mandates separate SEZ registration and allows multiple registrations, introduces suspension of registration during cancellation proceedings, and establishes a new procedural framework for supplier furnishing of outward supply details on a common portal with recipient verification for availing input tax credit, including limits, joint and several liability for non-filing, and prescribed safeguards for ITC utilisation and order of utilisation across tax heads.
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GST amendment: expanded definitions and a new portal-based procedure linking supplier disclosures to recipient input tax credit availability.
Ordinance amending the Goa GST Act revises definitions and classifications, adjusts composition levy eligibility, empowers notification of reverse charge and return periodicity, mandates separate SEZ registration and allows multiple registrations, introduces suspension of registration during cancellation proceedings, and establishes a new procedural framework for supplier furnishing of outward supply details on a common portal with recipient verification for availing input tax credit, including limits, joint and several liability for non-filing, and prescribed safeguards for ITC utilisation and order of utilisation across tax heads.
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