https://www.taxtmi.com/article/detailed?id=10889 A refund mechanism will be prescribed for unregistered buyers who bore tax on cancelled supplies when supplier credit note periods have lapsed. Rule 37 is to be amended so ITC reversal is proportionate to the unpaid portion of supply; a new Rule 37A will set out reversal and re availment procedures when suppliers subsequently pay. Decriminalisation, compounding reforms, retrospective clarification of non taxability for certain cross border transactions, e commerce facilitation for unregistered and composition suppliers, POS clarification for transport services, compliance blocking for GSTR 1/GSTR 3B mismatches, and anti fraud registration measures were also recommended. en-us Wed, 21 Dec 2022 14:41:25 +0530 Wed, 21 Dec 2022 14:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10889 A refund mechanism will be prescribed for unregistered buyers who bore tax on cancelled supplies when supplier credit note periods have lapsed. Rule 37 is to be amended so ITC reversal is proportionate to the unpaid portion of supply; a new Rule 37A will set out reversal and re availment procedures when suppliers subsequently pay. Decriminalisation, compounding reforms, retrospective clarification of non taxability for certain cross border transactions, e commerce facilitation for unregistered and composition suppliers, POS clarification for transport services, compliance blocking for GSTR 1/GSTR 3B mismatches, and anti fraud registration measures were also recommended. Articles Goods and Services Tax - GST Wed, 21 Dec 2022 14:41:25 +0530 https://www.taxtmi.com/article/detailed?id=10889