Zero-rated supply refund formula clarified, linking admissible ITC refunds to zero-rated turnover and adjusted total turnover. The amendment makes the Unique Identity Number applicable across India, restricts retrospective amendments to registration particulars except by written order of the Commissioner, substitutes several registration and refund forms for non-resident online suppliers and UIN holders, and revises refund mechanics for zero-rated supplies. Rule 89(4) now prescribes a formula linking admissible refund to turnover of zero-rated supplies, Net ITC and Adjusted Total Turnover, with sub-rules permitting ITC refunds where suppliers benefited from specified notifications. Quarterly electronic refund filings and documentary verification for non-resident registrants are prescribed.
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Provisions expressly mentioned in the judgment/order text.
Zero-rated supply refund formula clarified, linking admissible ITC refunds to zero-rated turnover and adjusted total turnover.
The amendment makes the Unique Identity Number applicable across India, restricts retrospective amendments to registration particulars except by written order of the Commissioner, substitutes several registration and refund forms for non-resident online suppliers and UIN holders, and revises refund mechanics for zero-rated supplies. Rule 89(4) now prescribes a formula linking admissible refund to turnover of zero-rated supplies, Net ITC and Adjusted Total Turnover, with sub-rules permitting ITC refunds where suppliers benefited from specified notifications. Quarterly electronic refund filings and documentary verification for non-resident registrants are prescribed.
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