The CBIC vide Notification No. 40/2021-Central Tax, has notified amendments in the Central Goods and Services Tax Rules, 2017 concerning availing of ITC.
With effect from 1st January 2022, the input tax credit can only be availed by a registered person in respect of invoices or debit notes the details of which are required to be furnished under subsection (1) of section 37 unless –
(a) the details of such invoices or debit notes have been furnished by the supplier in the statement of outward supplies in FORM GSTR-1 or using the invoice furnishing facility; and
(b) the details of such invoices or debit notes have been communicated to the registered person in FORM GSTR-2B under sub-rule (7) of rule 60.