https://www.taxtmi.com/article/detailed?id=10253 The Finance Bill, 2022 tightens input tax credit availment by allowing credit only where not restricted in details communicated and by setting the thirtieth day of November following the financial year (or filing of the annual return) as the last date for claiming credit or issuing credit/debit notes; it removes the provisional matching and two way communication regime, replaces it with self assessed credit subject to prescribed conditions, mandates sequential outward supply filing and auto generated inward supply statements, and prescribes restrictions on utilisation and transfer of electronic ledger balances alongside retrospective amendments to interest and certain notifications. en-us Mon, 07 Feb 2022 08:17:37 +0530 Mon, 07 Feb 2022 10:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10253 The Finance Bill, 2022 tightens input tax credit availment by allowing credit only where not restricted in details communicated and by setting the thirtieth day of November following the financial year (or filing of the annual return) as the last date for claiming credit or issuing credit/debit notes; it removes the provisional matching and two way communication regime, replaces it with self assessed credit subject to prescribed conditions, mandates sequential outward supply filing and auto generated inward supply statements, and prescribes restrictions on utilisation and transfer of electronic ledger balances alongside retrospective amendments to interest and certain notifications. Articles Goods and Services Tax - GST Mon, 07 Feb 2022 08:17:37 +0530 https://www.taxtmi.com/article/detailed?id=10253