https://www.taxtmi.com/notifications?id=140966 The amendment refocuses entitlement and administration of input tax credit by requiring auto generated electronic statements of inward supplies and credit eligibility to recipients, prescribing classes of supplies and supplier conditions that may restrict credit, and imposing conditions on furnishing outward supply details including disallowance where prior periods remain unfurnished. It deletes earlier matching provisions, clarifies reversal and re availment of credit where supplier tax remains unpaid, permits the Government to cap electronic credit ledger usage, and substitutes retrospective interest rules for wrongful credit use. en-us Thu, 04 May 2023 00:00:00 +0530 Wed, 18 Oct 2023 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=140966 The amendment refocuses entitlement and administration of input tax credit by requiring auto generated electronic statements of inward supplies and credit eligibility to recipients, prescribing classes of supplies and supplier conditions that may restrict credit, and imposing conditions on furnishing outward supply details including disallowance where prior periods remain unfurnished. It deletes earlier matching provisions, clarifies reversal and re availment of credit where supplier tax remains unpaid, permits the Government to cap electronic credit ledger usage, and substitutes retrospective interest rules for wrongful credit use. Notifications GST - States Thu, 04 May 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=140966