https://www.taxtmi.com/notifications?id=138765 The amendments condition availment of Input Tax Credit on supplier furnishing invoice details in the statement of outward supplies or via the invoice furnishing facility and on communication of those details to the recipient in FORM GSTR-2B. They introduce rule 144A establishing a detailed auction based procedure for recovery of penalty by sale or disposal of goods or conveyance detained or seized in transit, including notice in FORM GST DRC-10, bidder qualification, FORM GST DRC-11 notice to successful bidder, transfer via FORM GST DRC-12, and stay of recovery where a statutory appeal is pending (with exceptions for perishable or hazardous goods). Rule 154 prescribes the order of appropriation of sale proceeds: administrative costs, recovered amount/penalty, other dues under the Act, and balance credited to the owner. en-us Mon, 17 Jan 2022 00:00:00 +0530 Sat, 16 Jul 2022 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=138765 The amendments condition availment of Input Tax Credit on supplier furnishing invoice details in the statement of outward supplies or via the invoice furnishing facility and on communication of those details to the recipient in FORM GSTR-2B. They introduce rule 144A establishing a detailed auction based procedure for recovery of penalty by sale or disposal of goods or conveyance detained or seized in transit, including notice in FORM GST DRC-10, bidder qualification, FORM GST DRC-11 notice to successful bidder, transfer via FORM GST DRC-12, and stay of recovery where a statutory appeal is pending (with exceptions for perishable or hazardous goods). Rule 154 prescribes the order of appropriation of sale proceeds: administrative costs, recovered amount/penalty, other dues under the Act, and balance credited to the owner. Notifications GST - States Mon, 17 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=138765