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of <h1>Maharashtra GST Circular Simplifies Electronic Refunds, Clarifies ITC Refunds for Inverted Duty Structure Under MGST Act.</h1> The Maharashtra State GST Department issued a circular to clarify refund-related issues under the MGST Act. It addresses the transition from physical to electronic submission of refund applications via FORM GST RFD-01A, simplifying the process by allowing electronic uploads of documents. The circular also clarifies the calculation of refunds for accumulated Input Tax Credit (ITC) due to an inverted duty structure, emphasizing that refunds are available for ITC on all inputs, irrespective of tax rates. Additionally, it outlines procedures for handling refund applications, including interest on delayed refunds and clarifications on ITC for zero-rated supplies and compensation cess.
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