Input tax credit verification rule requires supplier furnishing and recipient matching of outward-supply details before availing credit. The Ordinance amends the Madhya Pradesh GST Act to revise definitions, expand reverse charge notifications, adjust composition eligibility and registration requirements, and introduce procedural rules for returns and input tax credit. It inserts section 43A to require suppliers to furnish outward-supply details on a common portal and obliges recipients to verify, modify or delete those details in their returns, prescribes limits on availing ITC where supplier data is absent, and makes supplier and recipient jointly liable for mismatched or unreturned declared supplies, with prescribed recovery safeguards.
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Input tax credit verification rule requires supplier furnishing and recipient matching of outward-supply details before availing credit.
The Ordinance amends the Madhya Pradesh GST Act to revise definitions, expand reverse charge notifications, adjust composition eligibility and registration requirements, and introduce procedural rules for returns and input tax credit. It inserts section 43A to require suppliers to furnish outward-supply details on a common portal and obliges recipients to verify, modify or delete those details in their returns, prescribes limits on availing ITC where supplier data is absent, and makes supplier and recipient jointly liable for mismatched or unreturned declared supplies, with prescribed recovery safeguards.
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