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of <h1>Delhi Trade Dept Clarifies GST Refunds: ITC on Deemed Exports & Leasing, Employer Perks Not Taxed, Ledger Usage Rules.</h1> The circular from the Delhi Department of Trade & Taxes provides clarifications on GST-related issues. It addresses refund claims for deemed exports, stating that Input Tax Credit (ITC) for such supplies is not subject to Section 17 of the DGST Act and should not be included in 'Net ITC' for refund computation. It clarifies that the proviso in Section 17(5)(b) applies to the entire clause and that ITC on leasing is barred only for 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, while the electronic cash ledger can be used for any GST liabilities.
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