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Detailed GST Notification Information

Notification No. 75/2019

Date: December 26, 2019
Subject: Amendment to CGST Rules on ITC restriction and blocking of electronic credit ledger.
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Description:

Reduces the cap on provisional availment of input tax credit under rule 36(4) from 20% to 10%. Inserts new rule 86A empowering tax authorities to restrict utilisation of fraudulently availed or ineligible ITC. Introduces restrictions on e-way bill generation for non-filing of outward supply statements.

Effective Date: 26 December 2019 (specific provisions effective from notified future dates)

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