Pre-notice intimation of tax liability enables payment or submissions before issuance of a show-cause action. Amendments clarify that suspended registrants shall not issue tax invoices during suspension and, upon revocation, the invoice and return provisions apply to supplies made during suspension. Input tax credit for invoices not uploaded by suppliers is capped at twenty per cent of eligible credit supported by uploaded details. Filing procedures permit a simplified electronic return when detail-filing is extended and refunds shall be disbursed based on consolidated payment advice. A new pre-notice intimation form, FORM GST DRC-01A, requires communication of ascertained tax, interest and penalty in Part A and allows payment or submissions in Part B before issuing a show-cause notice.
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Pre-notice intimation of tax liability enables payment or submissions before issuance of a show-cause action.
Amendments clarify that suspended registrants shall not issue tax invoices during suspension and, upon revocation, the invoice and return provisions apply to supplies made during suspension. Input tax credit for invoices not uploaded by suppliers is capped at twenty per cent of eligible credit supported by uploaded details. Filing procedures permit a simplified electronic return when detail-filing is extended and refunds shall be disbursed based on consolidated payment advice. A new pre-notice intimation form, FORM GST DRC-01A, requires communication of ascertained tax, interest and penalty in Part A and allows payment or submissions in Part B before issuing a show-cause notice.
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