https://www.taxtmi.com/notifications?id=125314 The amendment prescribes a formula for refund of input tax credit under inverted duty structures, defining Net ITC and Adjusted Total Turnover; establishes a Consumer Welfare Fund credited with specified State tax receipts and a share of integrated tax, subject to audit and payable as ordered; creates a Standing Committee with defined composition, powers and applicant eligibility to recommend grants, investments and legal expense reimbursements; and revises forms and instructions including capital goods valuation (1/60th monthly), insertion of FORM GSTR-10 (Final Return) and substitution of FORM GST DRC-07 (order summary). en-us Wed, 18 Apr 2018 00:00:00 +0530 Fri, 27 Apr 2018 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125314 The amendment prescribes a formula for refund of input tax credit under inverted duty structures, defining Net ITC and Adjusted Total Turnover; establishes a Consumer Welfare Fund credited with specified State tax receipts and a share of integrated tax, subject to audit and payable as ordered; creates a Standing Committee with defined composition, powers and applicant eligibility to recommend grants, investments and legal expense reimbursements; and revises forms and instructions including capital goods valuation (1/60th monthly), insertion of FORM GSTR-10 (Final Return) and substitution of FORM GST DRC-07 (order summary). Notifications GST - States Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125314