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of <h1>Gujarat Circular Clarifies GST Refund Procedures, Inverted Tax Structures, and Guidelines for Merchant Exporters' Zero-Rated Supplies.</h1> The circular issued by the Chief Commissioner of State Tax, Gujarat, addresses various issues related to GST refund claims. It clarifies procedures for claiming refunds of accumulated input tax credit (ITC) due to inverted tax structures, especially when ITC has been reversed. Registered persons who have reversed ITC are advised to claim refunds under the 'any other' category. Those who haven't reversed ITC should do so via FORM GST DRC-03. Interest applies for late reversals. Merchant exporters claiming refunds on zero-rated supplies must follow specific guidelines. The circular also addresses issues with refund applications following deficiency memos, allowing manual resubmission.
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