Andhra Pradesh Goods and Services Tax (Second Amendment) Rules, 2023 - G.O.Ms.No.432 - Andhra Pradesh SGST

Input tax credit reconciliation: new electronic procedure requires taxpayers to resolve ITC discrepancies or face recovery under the law.

The Amendment revises AP GST Rules to mandate earlier furnishing of bank-account details at registration, establish an electronic procedure (FORM GST DRC-01C) to notify and require resolution of discrepancies between ITC claimed in FORM GSTR-3B and ITC available in FORM GSTR-2B within seven days, permit suspension of registration for significant anomalies or non-compliance with rule 10A with revocation upon compliance, and introduce prior electronic reporting and e-way bill generation for intra-State movement of specified precious goods, alongside updated forms, appeal filing procedures and compounding schedules.