Input tax credit verification and supplier furnishing of outward-supply details now govern credit entitlement and recipient liability. Amendments revise definitions, supply classification and compliance rules; enable government notification of reverse charge on supplies from unregistered suppliers; modify composition scheme eligibility and registration requirements including separate SEZ registration; permit suspension during cancellation proceedings; and insert section 43A establishing a procedure for suppliers to furnish outward supply details on a common portal and for recipients to verify those details when availing input tax credit, with prescribed thresholds, joint and several liability for non filing, and safeguards for new registrants and defaulters.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit verification and supplier furnishing of outward-supply details now govern credit entitlement and recipient liability.
Amendments revise definitions, supply classification and compliance rules; enable government notification of reverse charge on supplies from unregistered suppliers; modify composition scheme eligibility and registration requirements including separate SEZ registration; permit suspension during cancellation proceedings; and insert section 43A establishing a procedure for suppliers to furnish outward supply details on a common portal and for recipients to verify those details when availing input tax credit, with prescribed thresholds, joint and several liability for non filing, and safeguards for new registrants and defaulters.
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