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>Karnataka Clarifies GST: Debit Note ITC Dates, E-Invoice Requirements, and Export Duty ITC Refund Rules.</h1> The Karnataka Commissioner of Commercial Taxes issued a circular clarifying GST-related issues. First, it addresses input tax credit (ITC) on debit notes, stating that from January 1, 2021, the date of the debit note, not the original invoice, determines the relevant financial year for ITC eligibility. Second, it clarifies that physical invoices are not required during goods movement if an e-invoice is generated, with a QR code sufficing for verification. Lastly, it explains that the prohibition on refunding unutilized ITC under section 54(3) applies only to goods actually subject to export duty, not those with a NIL rate or exempt from duty.
TaxTMI 
TaxTMI 
