https://www.taxtmi.com/article/detailed?id=9771 The Finance Act, 2020 amended Section 16(4) to delink the ITC time limit from the original invoice date and treat the date of issuance of the debit note as the relevant cut off for claiming input tax credit on additional tax charged through debit notes, thereby allowing recipients to claim ITC where suppliers raise debit notes for past under charging, including cases of rate errors, disputed exemptions, undervaluation, and contractual price revisions. en-us Wed, 05 May 2021 10:23:18 +0530 Wed, 05 May 2021 10:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9771 The Finance Act, 2020 amended Section 16(4) to delink the ITC time limit from the original invoice date and treat the date of issuance of the debit note as the relevant cut off for claiming input tax credit on additional tax charged through debit notes, thereby allowing recipients to claim ITC where suppliers raise debit notes for past under charging, including cases of rate errors, disputed exemptions, undervaluation, and contractual price revisions. Articles Goods and Services Tax - GST Wed, 05 May 2021 10:23:18 +0530 https://www.taxtmi.com/article/detailed?id=9771