Input tax credit conditions tightened requiring supplier filing and GSTR-2B communication before credit can be claimed. Amendments condition claiming input tax credit on supplier furnishing of outward supply details and communication via FORM GSTR-2B; extend filing deadlines for the 2020-2021 annual return and reconciliation statement; require attested invoice copies for refunds where the applicant's Unique Identity Number is missing; shorten certain detention/seizure timelines; introduce procedures for penalty recovery by sale of detained or seized goods or conveyance by auction with specified notice, bidding, payment and transfer processes; prescribe prioritized appropriation of sale proceeds; and revise attachment and objection forms and related procedural cross-references.
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Input tax credit conditions tightened requiring supplier filing and GSTR-2B communication before credit can be claimed.
Amendments condition claiming input tax credit on supplier furnishing of outward supply details and communication via FORM GSTR-2B; extend filing deadlines for the 2020-2021 annual return and reconciliation statement; require attested invoice copies for refunds where the applicant's Unique Identity Number is missing; shorten certain detention/seizure timelines; introduce procedures for penalty recovery by sale of detained or seized goods or conveyance by auction with specified notice, bidding, payment and transfer processes; prescribe prioritized appropriation of sale proceeds; and revise attachment and objection forms and related procedural cross-references.
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