As is where is basis: regularises lower-rate GST declarations as full discharge without entitlement to refund.

The clarification under Section 168 treats the phrase "as is where is" in GST to mean that a taxpayer's declared lower-rate or exempt position in returns will be accepted as full discharge of tax liability and no refund will be allowed if tax was paid at a higher rate, thereby regularising the tax consequence based on the return declaration.

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