https://www.taxtmi.com/article/detailed?id=9599 Rule 86B restricts use of the electronic credit ledger by mandating that a specified portion of output tax be paid from the electronic cash ledger, subject to listed exemptions and with power vested in the Commissioner to lift the restriction after verification. Concurrently, the amendments limit input tax credit for invoices not furnished by suppliers-reducing the permissible allowance-and treat successful filing of supplier returns as the trigger for claiming credit; QRMP filers using the Invoice Furnishing Facility permit recipients to claim credit on uploaded invoice details. Filing restrictions and caps on credit usage apply where specified returns are not filed, and additional grounds for cancellation and suspension without a prior hearing have been added. E way bill validity was reduced and e way bill generation can be blocked for non filers or suspended registrants. en-us Sat, 26 Dec 2020 10:30:34 +0530 Sat, 26 Dec 2020 10:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9599 Rule 86B restricts use of the electronic credit ledger by mandating that a specified portion of output tax be paid from the electronic cash ledger, subject to listed exemptions and with power vested in the Commissioner to lift the restriction after verification. Concurrently, the amendments limit input tax credit for invoices not furnished by suppliers-reducing the permissible allowance-and treat successful filing of supplier returns as the trigger for claiming credit; QRMP filers using the Invoice Furnishing Facility permit recipients to claim credit on uploaded invoice details. Filing restrictions and caps on credit usage apply where specified returns are not filed, and additional grounds for cancellation and suspension without a prior hearing have been added. E way bill validity was reduced and e way bill generation can be blocked for non filers or suspended registrants. Articles Goods and Services Tax - GST Sat, 26 Dec 2020 10:30:34 +0530 https://www.taxtmi.com/article/detailed?id=9599