Refunds for deemed exports: amendment clarifies form fields, declarations and undertakings for suppliers and recipients. Amendment revises GST return and refund forms to separately record exports, SEZ supplies and deemed exports; adds Statement 1A for refunds due to input tax credit accumulated from inverted tax structure and Statement 5B for deemed export refunds; expands recipient description to include suppliers of deemed export supplies; and replaces declarations and undertakings to require invoice-level disclosures, mutual non-claim assertions, and repayment undertakings where input tax credit or compliance requirements are not met.
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Provisions expressly mentioned in the judgment/order text.
Refunds for deemed exports: amendment clarifies form fields, declarations and undertakings for suppliers and recipients.
Amendment revises GST return and refund forms to separately record exports, SEZ supplies and deemed exports; adds Statement 1A for refunds due to input tax credit accumulated from inverted tax structure and Statement 5B for deemed export refunds; expands recipient description to include suppliers of deemed export supplies; and replaces declarations and undertakings to require invoice-level disclosures, mutual non-claim assertions, and repayment undertakings where input tax credit or compliance requirements are not met.
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