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of <h1>GST Circular Clarifies 'As Is' Basis; Regularizes Past Payments; No Refunds for Overpayments; Tax Recovery for Unpaid Dues.</h1> The circular clarifies the scope of 'as is' or 'as is, where is basis' in GST Circulars, following recommendations from the GST Council. It addresses doubts about regularizing past GST payments where differing rates were applied due to interpretational issues. If taxpayers paid a lower rate or claimed exemptions, these payments are considered as full discharge of tax liability, with no refunds for those who paid higher rates. This regularization applies to past periods before specified dates, ensuring consistency in tax treatment, but does not apply where no tax was paid, in which case the applicable tax will be recovered.
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