https://www.taxtmi.com/notifications?id=131943 The rules substitute twenty percent with ten percent in rule 36 effective from 1 January 2020 and insert Rule 86A empowering the Commissioner or an authorised officer to disallow debit from the electronic credit ledger where input tax credit appears fraudulently availed or ineligible on specified grounds (non existent suppliers, no receipt of goods/services, tax on supply unpaid, claimant non existent, or absence of prescribed documents); the officer may later allow debits if satisfied and any restriction expires after one year. Rule 138E is expanded to cover failure to furnish outward supply statements for two months or quarters. en-us Fri, 27 Dec 2019 00:00:00 +0530 Fri, 17 Jan 2020 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=131943 The rules substitute twenty percent with ten percent in rule 36 effective from 1 January 2020 and insert Rule 86A empowering the Commissioner or an authorised officer to disallow debit from the electronic credit ledger where input tax credit appears fraudulently availed or ineligible on specified grounds (non existent suppliers, no receipt of goods/services, tax on supply unpaid, claimant non existent, or absence of prescribed documents); the officer may later allow debits if satisfied and any restriction expires after one year. Rule 138E is expanded to cover failure to furnish outward supply statements for two months or quarters. Notifications GST - States Fri, 27 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=131943