https://www.taxtmi.com/circulars?id=56059 The circular creates a de minimis exception to ledger confirmation requirements for Input Tax Credit: mismatches at or below the specified small-amount threshold per supplier per year may be allowed without ledger confirmations provided the officer has no adverse information about the supplier. It clarifies that the prior higher threshold applied only to comprehensive assessments and directs departmental officers to apply the new exception more broadly while maintaining verification where mismatches exceed the threshold or where supplier credibility is doubtful. en-us Mon, 07 Aug 2017 00:00:00 +0530 Fri, 22 Sep 2017 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56059 The circular creates a de minimis exception to ledger confirmation requirements for Input Tax Credit: mismatches at or below the specified small-amount threshold per supplier per year may be allowed without ledger confirmations provided the officer has no adverse information about the supplier. It clarifies that the prior higher threshold applied only to comprehensive assessments and directs departmental officers to apply the new exception more broadly while maintaining verification where mismatches exceed the threshold or where supplier credibility is doubtful. Circulars GST - States Mon, 07 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56059