Seeks to amend West Bengal Goods and Services Tax Rules, 2017. (Fifth Amendment, 2018) - 26/2018-State Tax - West Bengal SGST

Refund under inverted duty structure: amended formula and documentation rules reshape entitlement and processing.

Amendments revise valuation and refund mechanics under the West Bengal GST Rules: amounts added under clause (b) of section 15(2) are deemed paid for input credit purposes; a limitation period is extended to eighteen months; the refund formula for input tax credit accumulated due to inverted tax structure is substituted (defining Net ITC and Adjusted Total Turnover) and reflected in substituted refund statements; inward supplies must be received against a tax invoice to claim input tax credit; deposits of fifty per cent of specified cess amounts into the Fund are required; enforcement powers and form updates are prescribed.