Input tax credit and recovery procedures tightened under amended GST rules, with updated attachment, auction, and objection forms. The amendment rules tighten input tax credit conditions, extend the annual return and reconciliation statement deadlines for financial year 2020-21, and revise refund documentation where the Unique Identity Number is not mentioned on the tax invoice. They also introduce a detailed procedure for recovery by sale of detained or seized goods or conveyance in transit, including auction, notice, payment, re-auction, and appropriation of sale proceeds. The rules update provisional attachment procedures and prescribe revised and new forms, including objection and auction forms.
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Input tax credit and recovery procedures tightened under amended GST rules, with updated attachment, auction, and objection forms.
The amendment rules tighten input tax credit conditions, extend the annual return and reconciliation statement deadlines for financial year 2020-21, and revise refund documentation where the Unique Identity Number is not mentioned on the tax invoice. They also introduce a detailed procedure for recovery by sale of detained or seized goods or conveyance in transit, including auction, notice, payment, re-auction, and appropriation of sale proceeds. The rules update provisional attachment procedures and prescribe revised and new forms, including objection and auction forms.
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