TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>GST Clarifications: Section 16(4) Amendments, E-Invoice Requirements, and ITC Refund Restrictions Explained.</h1> The circular provides clarifications on certain GST-related issues to ensure uniform implementation of the law. Firstly, it addresses the amendment to Section 16(4) of the CGST Act, effective from January 1, 2021, which delinks the date of issuance of debit notes from the underlying invoice for input tax credit purposes, determining the relevant financial year based on the debit note date. Secondly, it clarifies that physical copies of invoices are not required during goods movement if e-invoices with QR codes are generated. Lastly, it states that the prohibition on refunding unutilized ITC applies only to goods subject to actual export duty, not those with a NIL rate or exemptions.
TaxTMI 
TaxTMI 
