https://www.taxtmi.com/news?id=19999 A redesigned GST return mandates a single monthly return for most taxpayers, uses a unidirectional flow of seller-uploaded invoices as the basis for input tax credit, eliminates buyer purchase uploads, and requires invoice-level outward reporting with HSN. The system automates liability and credit computation, preserves reversal as an enforcement option but not automatic, ensures due-process for recovery, employs supplier-side blocks and analytics to curb misuse, and stages implementation through a three-step transition with provisional credit measures before full reliance on seller-uploaded invoices. en-us Fri, 04 May 2018 16:32:47 +0530 Fri, 04 May 2018 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19999 A redesigned GST return mandates a single monthly return for most taxpayers, uses a unidirectional flow of seller-uploaded invoices as the basis for input tax credit, eliminates buyer purchase uploads, and requires invoice-level outward reporting with HSN. The system automates liability and credit computation, preserves reversal as an enforcement option but not automatic, ensures due-process for recovery, employs supplier-side blocks and analytics to curb misuse, and stages implementation through a three-step transition with provisional credit measures before full reliance on seller-uploaded invoices. News - Fri, 04 May 2018 16:32:47 +0530 https://www.taxtmi.com/news?id=19999