Input tax credit condition: supplier must file outward supplies and details must appear in Form GSTR 2B. The amendment conditions input tax credit on supplier compliance: no credit for invoices or debit notes whose details are required under section 37 unless the supplier furnishes those details in FORM GSTR 1 or via the invoice furnishing facility and those details are communicated to the recipient in FORM GSTR 2B. The rules also introduce a structured auction process for recovery of penalties on detained or seized goods or conveyances, prescribe appropriation priorities for sale proceeds, and substitute and insert multiple forms and timelines.
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Input tax credit condition: supplier must file outward supplies and details must appear in Form GSTR 2B.
The amendment conditions input tax credit on supplier compliance: no credit for invoices or debit notes whose details are required under section 37 unless the supplier furnishes those details in FORM GSTR 1 or via the invoice furnishing facility and those details are communicated to the recipient in FORM GSTR 2B. The rules also introduce a structured auction process for recovery of penalties on detained or seized goods or conveyances, prescribe appropriation priorities for sale proceeds, and substitute and insert multiple forms and timelines.
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