Reverse charge mechanism expanded: recipients may be notified to pay tax on inward supplies and comply with prescribed return and credit procedures. The Ordinance amends the Tamil Nadu GST Act to revise definitions and schedules, clarify that certain activities are supply of goods or services per Schedule II, expand reverse charge to notified recipient classes for inward supplies from unregistered suppliers, and revise composition, registration and return rules. It inserts section 43A establishing procedures for supplier submission of outward supply details on a common portal, recipient verification and prescribed mechanisms and safeguards for availing input tax credit, including caps where supplier details are not furnished and joint liability where returns remain unfurnished.
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Reverse charge mechanism expanded: recipients may be notified to pay tax on inward supplies and comply with prescribed return and credit procedures.
The Ordinance amends the Tamil Nadu GST Act to revise definitions and schedules, clarify that certain activities are supply of goods or services per Schedule II, expand reverse charge to notified recipient classes for inward supplies from unregistered suppliers, and revise composition, registration and return rules. It inserts section 43A establishing procedures for supplier submission of outward supply details on a common portal, recipient verification and prescribed mechanisms and safeguards for availing input tax credit, including caps where supplier details are not furnished and joint liability where returns remain unfurnished.
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