https://www.taxtmi.com/notifications?id=125327 Amendments revise refund computation for inverted duty structures by prescribing a formula that deducts turnover-weighted Net ITC and tax payable, defines Net ITC and cross-refers Adjusted Total Turnover; establish a Consumer Welfare Fund to receive specified state tax receipts and investment income, require a Standing Committee with defined powers and procedures to administer grants, audits, recoveries and investments; and amend forms and instructions including capital goods depreciation in GST ITC-03, insertion of FORM GSTR-10 as final return on cancellation, and substitution of FORM GST DRC-07 summary of order. en-us Thu, 19 Apr 2018 00:00:00 +0530 Wed, 02 May 2018 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125327 Amendments revise refund computation for inverted duty structures by prescribing a formula that deducts turnover-weighted Net ITC and tax payable, defines Net ITC and cross-refers Adjusted Total Turnover; establish a Consumer Welfare Fund to receive specified state tax receipts and investment income, require a Standing Committee with defined powers and procedures to administer grants, audits, recoveries and investments; and amend forms and instructions including capital goods depreciation in GST ITC-03, insertion of FORM GSTR-10 as final return on cancellation, and substitution of FORM GST DRC-07 summary of order. Notifications GST - States Thu, 19 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125327