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of <h1>Jammu & Kashmir State Taxes clarify GST rules for casual taxable persons and recovery of excess Input Tax Credit.</h1> The circular from the Jammu and Kashmir State Taxes Department provides clarifications on GST issues related to casual taxable persons (CTP) and the recovery of excess Input Tax Credit (ITC) distributed by an Input Service Distributor (ISD). It clarifies that CTPs should calculate advance tax after considering eligible ITC. For exhibitions exceeding 180 days, registration as a normal taxable person is required without advance tax, and registration can be surrendered post-exhibition. Excess credit distributed by ISDs in violation of the JKGST Act must be recovered from recipients, who may voluntarily repay with interest, or face proceedings. ISDs may incur penalties under section 122(1)(ix).
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