https://www.taxtmi.com/article/detailed?id=9260 A regulatory cap conditions a recipient's entitlement to input tax credit on the supplier having uploaded corresponding invoice details, using supplier return data as the operative basis. The article challenges the rule's legislative competence and procedural basis, arguing that restraints on credit should follow the statutory procedure for returns rather than an omnibus rule making invocation, and highlights practical, evidentiary and reverse charge anomalies that expose bona fide recipients to loss of credit absent fraud or collusion. en-us Fri, 12 Jun 2020 10:54:35 +0530 Fri, 12 Jun 2020 10:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9260 A regulatory cap conditions a recipient's entitlement to input tax credit on the supplier having uploaded corresponding invoice details, using supplier return data as the operative basis. The article challenges the rule's legislative competence and procedural basis, arguing that restraints on credit should follow the statutory procedure for returns rather than an omnibus rule making invocation, and highlights practical, evidentiary and reverse charge anomalies that expose bona fide recipients to loss of credit absent fraud or collusion. Articles Goods and Services Tax - GST Fri, 12 Jun 2020 10:54:35 +0530 https://www.taxtmi.com/article/detailed?id=9260