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of <h1>Goa Govt Clarifies GST: ITC on Deemed Exports, Section 17 Implications, and Employer-Provided Perquisites Exemptions Explained.</h1> The circular issued by the Government of Goa provides clarifications on several GST-related issues. It addresses the refund process for deemed export supplies, specifying that Input Tax Credit (ITC) for such supplies is not subject to Section 17 of the Goa GST Act and should not be included in 'Net ITC' for refund calculations. It clarifies that the proviso in Section 17(5) applies to the entire clause, and ITC is barred only for leasing motor vehicles, vessels, or aircraft. Employer-provided perquisites under contractual agreements are not subject to GST. The electronic credit ledger can be used for output tax payments but not for reverse charge or other liabilities, while the electronic cash ledger can cover all liabilities.
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