Restrictions on ITC claim if you do not file GSTR 1 on time

The  GST Council, in its 37th meeting held at Goa, has come up with various proposals to simplify and strengthen the tax filing system and one such decision is aimed at ensuring  taxpayers file their  GSTR 1 in time. “In order to nudge taxpayers to timely file their statement of outward supplies, imposition of restrictions on availment of input tax credit by the recipients in cases…