Input tax credit and return compliance rules are revised, replacing discontinued return mechanisms and clarifying credit reversal obligations. Tripura GST rules provide for cancellation of registration after continuous non-filing by monthly or quarterly return filers. Input tax credit availed on non-reverse-charge supplies must be paid back with applicable interest through GSTR-3B where the supplier is not paid within 180 days, and may be re-availed upon payment. The amendments remove the GSTR-2 and GSTR-3 framework, revise credit reversal and refund procedures, permit claims of electronic cash ledger balances, and align export-related refund processing with GSTR-3B.
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Input tax credit and return compliance rules are revised, replacing discontinued return mechanisms and clarifying credit reversal obligations.
Tripura GST rules provide for cancellation of registration after continuous non-filing by monthly or quarterly return filers. Input tax credit availed on non-reverse-charge supplies must be paid back with applicable interest through GSTR-3B where the supplier is not paid within 180 days, and may be re-availed upon payment. The amendments remove the GSTR-2 and GSTR-3 framework, revise credit reversal and refund procedures, permit claims of electronic cash ledger balances, and align export-related refund processing with GSTR-3B.
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