Restrictions on Input Tax Credit use limit electronic credit for high-value supplies, with exemptions and suspension tied to return reconciliation. Amendments require biometric Aadhaar authentication or biometric and document-based KYC with in-person verification for registration completion; extend timelines and condition registration grant on physical verification where Aadhaar authentication is not completed or officer deems it fit; introduce reconciliation-based suspension where significant discrepancies exist between returns, GSTR-1 and supplier data, bar refunds during suspension, and add a rule limiting use of electronic credit ledger to discharge almost all output tax liability for high-value taxable supplies subject to specified exemptions and Commissioner's discretion.
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.
Restrictions on Input Tax Credit use limit electronic credit for high-value supplies, with exemptions and suspension tied to return reconciliation.
Amendments require biometric Aadhaar authentication or biometric and document-based KYC with in-person verification for registration completion; extend timelines and condition registration grant on physical verification where Aadhaar authentication is not completed or officer deems it fit; introduce reconciliation-based suspension where significant discrepancies exist between returns, GSTR-1 and supplier data, bar refunds during suspension, and add a rule limiting use of electronic credit ledger to discharge almost all output tax liability for high-value taxable supplies subject to specified exemptions and Commissioner's discretion.
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