Input tax credit compliance: ITC must be reversed or paid where supplier payment is not made within the statutory timeline. Amendments revise compliance, return-filing, and input tax credit reconciliation under the Maharashtra GST Rules. They add suspension triggers for prolonged non-filing of monthly or quarterly returns, remove multiple references to FORM GSTR-2, require reversal or payment of availed ITC if supplier payment is not made within the statutory period with re-availment permitted upon subsequent payment, and omit several rules and forms while updating refund and registration form requirements.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit compliance: ITC must be reversed or paid where supplier payment is not made within the statutory timeline.
Amendments revise compliance, return-filing, and input tax credit reconciliation under the Maharashtra GST Rules. They add suspension triggers for prolonged non-filing of monthly or quarterly returns, remove multiple references to FORM GSTR-2, require reversal or payment of availed ITC if supplier payment is not made within the statutory period with re-availment permitted upon subsequent payment, and omit several rules and forms while updating refund and registration form requirements.
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