https://www.taxtmi.com/notifications?id=146496 The Act restructures input tax credit compliance through an auto-generated inward-supply statement that identifies available and restricted credits. Credit is self-assessed but must be reversed with applicable interest where the supplier has not paid tax, with re-availment permitted after payment. It removes the former matching framework, introduces sequential outward-supply and return-filing restrictions, permits limits on use of the electronic credit ledger for output tax, and revises refund procedures. It also gives retrospective effect to specified notifications, exemptions and State tax treatments, while barring refunds of tax already collected in specified retrospective cases. en-us Fri, 30 Sep 2022 00:00:00 +0530 Wed, 05 Aug 2026 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=146496 The Act restructures input tax credit compliance through an auto-generated inward-supply statement that identifies available and restricted credits. Credit is self-assessed but must be reversed with applicable interest where the supplier has not paid tax, with re-availment permitted after payment. It removes the former matching framework, introduces sequential outward-supply and return-filing restrictions, permits limits on use of the electronic credit ledger for output tax, and revises refund procedures. It also gives retrospective effect to specified notifications, exemptions and State tax treatments, while barring refunds of tax already collected in specified retrospective cases. Notifications GST - States Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=146496