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of <h1>Goa GST Circular: Transition to Electronic Refund Claims, Clarifies ITC Refund Calculations and Compensation Cess Issues.</h1> The Government of Goa issued a circular to clarify refund-related issues under the Goa GST Act. It addresses the transition from physical to electronic submission of refund claims, aiming to simplify the process and reduce taxpayer hardship. The circular mandates electronic submission of documents for refund applications via the common portal, while still allowing physical submissions if preferred. It also clarifies calculations for refunds of unutilized Input Tax Credit (ITC) under the inverted duty structure and addresses issues related to compensation cess and ITC on earlier invoices. The circular emphasizes timely processing to avoid interest on delayed refunds and modifies previous guidelines accordingly.
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