https://www.taxtmi.com/article/detailed?id=10257 The proposed Section 38 would require an auto-generated statement, based on suppliers' outward returns, to communicate to recipients which inward supplies permit ITC and which are wholly or partly disallowed; recipients' entitlement would be limited to the ITC not restricted in that statement, with prescribed supplier categories (e.g., newly registered suppliers, defaulters, underpayers, wrong-credit takers, and those not paying from the electronic credit ledger) triggering disallowance conditions. en-us Wed, 09 Feb 2022 05:46:42 +0530 Wed, 09 Feb 2022 05:46:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10257 The proposed Section 38 would require an auto-generated statement, based on suppliers' outward returns, to communicate to recipients which inward supplies permit ITC and which are wholly or partly disallowed; recipients' entitlement would be limited to the ITC not restricted in that statement, with prescribed supplier categories (e.g., newly registered suppliers, defaulters, underpayers, wrong-credit takers, and those not paying from the electronic credit ledger) triggering disallowance conditions. Articles Goods and Services Tax - GST Wed, 09 Feb 2022 05:46:42 +0530 https://www.taxtmi.com/article/detailed?id=10257