Vide Notification No. 39/2021- Central Tax, Dated 21st December 2021, Government has notified Section 16(2)(aa) of the CGST Act 2017 which will disallow the Input Tax Credit which is not available in GSTR-2B of the buyer. The said Section will come into force w.e.f. 1st January 2022.
Section 16(2)(aa) can be read as under:
“(aa) the details of the invoice or debit note referred to in clause (a) has been furnished by the supplier in the statement of outward supplies and such details have been communicated to the recipient of such invoice or debit note in the manner specified under section 37;”.
It is interesting to note that Section 16(2)(aa) was introduced in the Finance Act 2021.
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