https://www.taxtmi.com/notifications?id=125318 The rules substitute rule 89(5) to prescribe a formula for refund of input tax credit in inverted duty structure cases, defining "Net ITC" and retaining "Adjusted Total Turnover," establish a detailed Consumer Welfare Fund regime with auditability and a constituted Standing Committee having specified powers and procedures, amend capital goods valuation in Form GST ITC-03 to a monthly 1/60th reduction, insert Form GSTR-10 as Final Return with stock and ITC reversal requirements, and substitute FORM GST DRC-07 to standardise summary orders and demand details. en-us Wed, 18 Apr 2018 00:00:00 +0530 Sat, 28 Apr 2018 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125318 The rules substitute rule 89(5) to prescribe a formula for refund of input tax credit in inverted duty structure cases, defining "Net ITC" and retaining "Adjusted Total Turnover," establish a detailed Consumer Welfare Fund regime with auditability and a constituted Standing Committee having specified powers and procedures, amend capital goods valuation in Form GST ITC-03 to a monthly 1/60th reduction, insert Form GSTR-10 as Final Return with stock and ITC reversal requirements, and substitute FORM GST DRC-07 to standardise summary orders and demand details. Notifications GST - States Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125318