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    <title>Important amendments as per 47th GST Council meeting - Amendments, Exemptions &amp; Rate Changes</title>
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    <description>Taxpayers exceeding the notified turnover threshold but not required to invoice electronically must include a prescribed declaration on tax invoices. Electronic Cash Ledger payment modes expanded and intra PAN GSTIN transfers in a specified form are permitted for CGST and IGST. Interest for wrongly availed Input Tax Credit applies only where such credit has been both wrongly availed and utilized, and a new rule prescribes the method for calculating interest on delayed tax payment and on wrongly availed and utilized ITC.</description>
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      <description>Taxpayers exceeding the notified turnover threshold but not required to invoice electronically must include a prescribed declaration on tax invoices. Electronic Cash Ledger payment modes expanded and intra PAN GSTIN transfers in a specified form are permitted for CGST and IGST. Interest for wrongly availed Input Tax Credit applies only where such credit has been both wrongly availed and utilized, and a new rule prescribes the method for calculating interest on delayed tax payment and on wrongly availed and utilized ITC.</description>
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