https://www.taxtmi.com/article/detailed?id=8807 The amendment caps input tax credit availment to amounts reflected by suppliers in the purchaser's electronic inward supplies record plus a limited buffer, making credit dependent on supplier invoice uploads. While targeted at curbing collusive fraud, the rule shifts the compliance burden onto purchasers, potentially denying credit to bona fide buyers where suppliers delay, misreport, or omit filings. Administrative fixes proposed include a purchaser data entry and backend matching mechanism, mismatch notices to sellers with demand and objection procedures, and filing sequencing to encourage timely supplier uploads, thereby protecting legitimate credits and exposing spurious invoicing. en-us Tue, 05 Nov 2019 09:37:46 +0530 Tue, 05 Nov 2019 09:37:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8807 The amendment caps input tax credit availment to amounts reflected by suppliers in the purchaser's electronic inward supplies record plus a limited buffer, making credit dependent on supplier invoice uploads. While targeted at curbing collusive fraud, the rule shifts the compliance burden onto purchasers, potentially denying credit to bona fide buyers where suppliers delay, misreport, or omit filings. Administrative fixes proposed include a purchaser data entry and backend matching mechanism, mismatch notices to sellers with demand and objection procedures, and filing sequencing to encourage timely supplier uploads, thereby protecting legitimate credits and exposing spurious invoicing. Articles Goods and Services Tax - GST Tue, 05 Nov 2019 09:37:46 +0530 https://www.taxtmi.com/article/detailed?id=8807