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of <h1>Gujarat Tax Circular Clarifies ITC on Deemed Exports and Section 17(5) Proviso; Employer Perquisites Exempt from GST.</h1> The circular issued by the Chief Commissioner of State Tax, Gujarat, addresses several GST-related issues. It clarifies that Input Tax Credit (ITC) on deemed export supplies is not subject to section 17 of the GGST Act and should not be included in 'Net ITC' calculations. The circular also explains that the proviso in section 17(5) applies to the entire clause (b) and that ITC is barred only for leasing motor vehicles, vessels, and 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 payments or other liabilities, while the electronic cash ledger can be used for all liabilities under GST laws.
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