https://www.taxtmi.com/notifications?id=133133 The rules lower the specified invoice-related percentage in rule 36 effective at the start of the new year and insert a provision allowing an authorised officer to restrict debit from the electronic credit ledger where there are reasons to believe input tax credit was fraudulently availed or is ineligible. Grounds include credit taken on invoices from non-existent suppliers, supplies not received, tax not paid to Government, absence of prescribed documents, or the claimant not conducting business at the registered place. The Commissioner may lift the restriction when satisfied and the restriction lapses after a prescribed period. A new clause also targets persons failing to furnish outward-supply statements for two periods. en-us Tue, 31 Dec 2019 00:00:00 +0530 Tue, 09 Jun 2020 19:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=133133 The rules lower the specified invoice-related percentage in rule 36 effective at the start of the new year and insert a provision allowing an authorised officer to restrict debit from the electronic credit ledger where there are reasons to believe input tax credit was fraudulently availed or is ineligible. Grounds include credit taken on invoices from non-existent suppliers, supplies not received, tax not paid to Government, absence of prescribed documents, or the claimant not conducting business at the registered place. The Commissioner may lift the restriction when satisfied and the restriction lapses after a prescribed period. A new clause also targets persons failing to furnish outward-supply statements for two periods. Notifications GST - States Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=133133