https://www.taxtmi.com/article/detailed?id=11120 Eligibility for input tax credit is conditioned on payment to the supplier where the recipient fails to remit invoice value and tax within the prescribed payment period; credit is restored upon payment with applicable interest. The amendments also treat specified supplies of warehoused goods before clearance as exempt for ITC purposes and disallow credit for expenditures on Corporate Social Responsibility. Procedural alignments include return filing time-limits, retrospective operation of certain registration rules, and rule-making for computation of interest and refund treatment. en-us Fri, 17 Feb 2023 09:14:07 +0530 Fri, 17 Feb 2023 10:01:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11120 Eligibility for input tax credit is conditioned on payment to the supplier where the recipient fails to remit invoice value and tax within the prescribed payment period; credit is restored upon payment with applicable interest. The amendments also treat specified supplies of warehoused goods before clearance as exempt for ITC purposes and disallow credit for expenditures on Corporate Social Responsibility. Procedural alignments include return filing time-limits, retrospective operation of certain registration rules, and rule-making for computation of interest and refund treatment. Articles Goods and Services Tax - GST Fri, 17 Feb 2023 09:14:07 +0530 https://www.taxtmi.com/article/detailed?id=11120