Input-tax credit: supplier reporting and GSTR-2B communication now required before recipient may claim credit. The amendments condition availment of input-tax credit on supplier furnishing invoice/debit-note details in the outward-supply statement or via the invoice furnishing facility and on communication of those details to the recipient through Form GSTR-2B; they also create a detailed recovery-by-sale framework for unpaid penalties, prescribe appropriation of auction proceeds, require attested invoices for refunds where UIN is missing, extend certain annual return deadlines, and revise attachment and notice forms and procedures.
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Input-tax credit: supplier reporting and GSTR-2B communication now required before recipient may claim credit.
The amendments condition availment of input-tax credit on supplier furnishing invoice/debit-note details in the outward-supply statement or via the invoice furnishing facility and on communication of those details to the recipient through Form GSTR-2B; they also create a detailed recovery-by-sale framework for unpaid penalties, prescribe appropriation of auction proceeds, require attested invoices for refunds where UIN is missing, extend certain annual return deadlines, and revise attachment and notice forms and procedures.
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