Input tax credit restrictions require supplier filing and invoice communication before credit can be availed. Amendments condition input tax credit on supplier furnishing outward supply details and communication via FORM GSTR 2B (effective 1 January 2022); extend filing deadlines for 2020-2021 annual return and reconciliation statement to 28 February 2022; require attested invoice copy for refunds where Unique Identity Number is absent (deemed effective 1 April 2021); introduce rule 144A establishing auction based recovery of penalty for goods/conveyances detained or seized with tailored timelines for perishable/hazardous goods; substitute rule 154 to prioritise appropriation of sale proceeds and require deposit of unpayable balances to the Fund; and update attachment procedures and multiple GST recovery and attachment forms.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit restrictions require supplier filing and invoice communication before credit can be availed.
Amendments condition input tax credit on supplier furnishing outward supply details and communication via FORM GSTR 2B (effective 1 January 2022); extend filing deadlines for 2020-2021 annual return and reconciliation statement to 28 February 2022; require attested invoice copy for refunds where Unique Identity Number is absent (deemed effective 1 April 2021); introduce rule 144A establishing auction based recovery of penalty for goods/conveyances detained or seized with tailored timelines for perishable/hazardous goods; substitute rule 154 to prioritise appropriation of sale proceeds and require deposit of unpayable balances to the Fund; and update attachment procedures and multiple GST recovery and attachment forms.
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