GST rule amendment expands refund statements and modifies return forms to address deemed exports and input tax credit. The amendment revises GST return and refund forms to capture zero rated supplies, supplies to SEZs and deemed exports, substitutes party descriptions to include both recipient and supplier of deemed export supplies, and inserts Statement 1A for ITC accumulated due to inverted tax structure and Statement 5B for refunds on account of deemed exports, while replacing declarations and undertakings to require invoice-level detail and repayment obligations where statutory input tax credit or matching conditions are not met.
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Provisions expressly mentioned in the judgment/order text.
GST rule amendment expands refund statements and modifies return forms to address deemed exports and input tax credit.
The amendment revises GST return and refund forms to capture zero rated supplies, supplies to SEZs and deemed exports, substitutes party descriptions to include both recipient and supplier of deemed export supplies, and inserts Statement 1A for ITC accumulated due to inverted tax structure and Statement 5B for refunds on account of deemed exports, while replacing declarations and undertakings to require invoice-level detail and repayment obligations where statutory input tax credit or matching conditions are not met.
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