https://www.taxtmi.com/article/detailed?id=10286 Proposed GST amendments replace two way inward supply reporting with an auto generated statement to define ITC eligibility and remove inward supply return filing; permit transfer of electronic cash ledger balances between distinct persons subject to no unpaid liabilities and empower rules limiting use of electronic credit ledger for output tax; clarify that interest on wrongly availed input tax credit applies only when such credit is both availed and utilized with rules prescribing calculation; extend TCS statement rectification deadline and rationalize refund claims and withholding, while confirming the common GST portal retrospectively. en-us Wed, 23 Feb 2022 10:00:20 +0530 Wed, 23 Feb 2022 10:00:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10286 Proposed GST amendments replace two way inward supply reporting with an auto generated statement to define ITC eligibility and remove inward supply return filing; permit transfer of electronic cash ledger balances between distinct persons subject to no unpaid liabilities and empower rules limiting use of electronic credit ledger for output tax; clarify that interest on wrongly availed input tax credit applies only when such credit is both availed and utilized with rules prescribing calculation; extend TCS statement rectification deadline and rationalize refund claims and withholding, while confirming the common GST portal retrospectively. Articles Goods and Services Tax - GST Wed, 23 Feb 2022 10:00:20 +0530 https://www.taxtmi.com/article/detailed?id=10286