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of <h1>Bihar Clarifies GST: ITC on Deemed Exports, Section 17(5) Applications, Employer Perquisites, and Ledger Usage Explained.</h1> The Government of Bihar's Commercial Taxes Department issued a circular providing clarifications on GST-related issues. It addresses refund claims for deemed export supplies, stating that the Input Tax Credit (ITC) used for these refunds is not subject to section 17 of the BGST Act and should not be included in the 'Net ITC' for unutilized ITC refunds. The circular clarifies that the proviso in section 17(5) applies to the entire clause, and ITC is not barred for leasing other than motor vehicles, vessels, and aircraft. Perquisites provided by employers under contractual agreements are not subject to GST. The electronic credit ledger can be used for output tax payments but not for reverse charge tax or other liabilities, while the electronic cash ledger can be used for various payments under GST laws.
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