CA and CMA Certificates or Recipient Undertakings Admissible as Evidence u/s 15(3)(b)(ii) of GST Act, says CBIC Circular providing Mechanism for Reporting [Read Circular]

For past periods, suppliers can also provide CA/CMA certificates or recipient undertakings as evidence of the required input tax credit reversal to tax authorities.
CA and CMA Certificates - Evidence - us 15(3)(b)(ii) of GST Act - CBIC Circular - TAXSCAN

The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular, stating the procedure for suppliers to provide evidence of compliance with Section 15(3)(b)(ii) of the Goods and Services Tax Act, 2017, while clarifying that Such certificates issued by the CA/CMA or the undertakings/ certificates issued by the recipient of supply, as the…

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