https://www.taxtmi.com/article/detailed?id=12619 Seamless transfer of Input Tax Credit is constrained by contemporaneous eligibility conditions in Section 16 and related provisions: possession of prescribed documents and receipt of goods or services remain core, but subsequent amendments require that the supplier pay tax to the government and that the recipient reflect the credit in returns. These additional restraints, together with time limits, evidentiary burden, staged supply rules, restrictions on advances, and reversal and interest obligations, impede unqualified flow of credit across the value chain. en-us Sat, 18 May 2024 17:24:39 +0530 Sat, 18 May 2024 17:24:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12619 Seamless transfer of Input Tax Credit is constrained by contemporaneous eligibility conditions in Section 16 and related provisions: possession of prescribed documents and receipt of goods or services remain core, but subsequent amendments require that the supplier pay tax to the government and that the recipient reflect the credit in returns. These additional restraints, together with time limits, evidentiary burden, staged supply rules, restrictions on advances, and reversal and interest obligations, impede unqualified flow of credit across the value chain. Articles Goods and Services Tax - GST Sat, 18 May 2024 17:24:39 +0530 https://www.taxtmi.com/article/detailed?id=12619