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of <h1>Sikkim Clarifies GST: ITC for Deemed Exports Exempt from Section 17; Employer Perquisites Not Taxed.</h1> The circular from the Government of Sikkim addresses various GST-related issues. It clarifies that the Input Tax Credit (ITC) for deemed export refunds is not subject to Section 17 of the SGST Act and should not be included in the 'Net ITC' for refund calculations. The proviso in Section 17(5)(b) applies to the entire clause, and leasing restrictions are specific to motor vehicles, vessels, and aircraft. Employer-provided perquisites under contractual agreements are not subject to GST. The electronic credit ledger can only be used for output tax payments, excluding reverse charge mechanisms, while the electronic cash ledger can cover any GST liabilities.
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