https://www.taxtmi.com/article/detailed?id=10734 A new eligibility condition requires that input tax credit details communicated to the recipient under the statutory communication mechanism are not restricted; credit shown as ineligible in the auto-generated inward-supplies statement (GSTR 2B) cannot be claimed. The prior provisional matching framework is removed in favour of taxpayer self-assessment; recipients must reverse credit where the supplier has not paid tax and may re-claim it once the supplier pays. The law also permits prescribing a maximum proportion of output tax dischargeable through input tax credit. en-us Tue, 04 Oct 2022 21:29:27 +0530 Tue, 04 Oct 2022 21:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10734 A new eligibility condition requires that input tax credit details communicated to the recipient under the statutory communication mechanism are not restricted; credit shown as ineligible in the auto-generated inward-supplies statement (GSTR 2B) cannot be claimed. The prior provisional matching framework is removed in favour of taxpayer self-assessment; recipients must reverse credit where the supplier has not paid tax and may re-claim it once the supplier pays. The law also permits prescribing a maximum proportion of output tax dischargeable through input tax credit. Articles Goods and Services Tax - GST Tue, 04 Oct 2022 21:29:27 +0530 https://www.taxtmi.com/article/detailed?id=10734