Refund of input tax credit: revised formula and procedural rules govern zero-rated supplies and export-related refunds. Amendments to the Himachal Pradesh GST Rules treat the Central Act UIN as valid under the State Act, restrict retrospective amendment of registration particulars absent Commissioner's order, and replace the refund formula for input tax credit on zero-rated supplies without payment of tax under bond or letter of undertaking by defining Refund Amount, Net ITC, turnover of zero-rated goods and services, Adjusted Total Turnover and Relevant Period; sub-rules allow refunds where suppliers availed specified notifications and update procedural filing and form requirements for registration and refund claims.
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Provisions expressly mentioned in the judgment/order text.
Refund of input tax credit: revised formula and procedural rules govern zero-rated supplies and export-related refunds.
Amendments to the Himachal Pradesh GST Rules treat the Central Act UIN as valid under the State Act, restrict retrospective amendment of registration particulars absent Commissioner's order, and replace the refund formula for input tax credit on zero-rated supplies without payment of tax under bond or letter of undertaking by defining Refund Amount, Net ITC, turnover of zero-rated goods and services, Adjusted Total Turnover and Relevant Period; sub-rules allow refunds where suppliers availed specified notifications and update procedural filing and form requirements for registration and refund claims.
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